There are fresh international warnings targeting Canada’s housing market. The International Monetary Fund has stated Canada’s market is overheated by 20%, while Stats Can finds average debt levels hit new highs.
With another rate announcement slated for March 4, borrowers and economists alike are waiting to see if the Bank of Canada will cut rates yet again. There are a number of economic factors that suggest the possibility. Read on for the full story.
Canada’s banks have finally responded to the Bank of Canada’s Overnight Lending Rate cut, with a 15 basis point discount to their Prime rates. Could more cuts be on the way? Read on to catch up on this week’s biggest Housing Headlines.
Will dropping oil prices cause a major slowdown in Canada’s housing market? Read on to see how consumers will be affected in this week’s edition of Housing Headlines.
The holidays have come and gone, and now we face three long months of Great Canadian Winter. But that doesn’t mean our housing market has undergone a deep freeze; brokers and lenders continue to introduce rates so hot they rival peak-season summer pricing. Read on for the full story, along with the week’s top headlines.
This week in Housing Headlines: A 2015 central rate rise isn’t such a sure thing these days – oil’s slide has mortgage pundits revising their forecasts for the year. Meanwhile, homeowner optimism takes a nosedive. Could the housing market’s bull run finally be out of steam?