Financial pressure likely to intensify as mortgages reprice in years ahead
Average cost of a detached home in the market rose 4.8% year over year to top $1.4 million
Sales in the market totalled 2,455 last month, a 28.9% increase from a year ago
Fuel prices were the biggest driver behind the drop
By January of this year, variable-rate mortgages had fallen to 16.7% of new and renewed mortgages, while 1-5 year fixed-rate mortgages constituted 64%
Here's a by-the-numbers look at payment amounts
Regulator says proposals should encourage banks to reduce the number of mortgages that would go into negative amortization
The FCAC said it would monitor financial institutions' level of compliance with the new expectations
Wealth and income inequality rose in the first quarter
At RBC, one-quarter of customers use points for mortgage, credit card payments