Are you ready for the busiest home-buying season of the year? Spring has certainly sprung for the Canadian real estate market, as open houses pop up faster than the crocuses. Perhaps the most telling sign: Bank of Montreal, the big-bank trendsetter, has introduced a “March miracle”: a history-making rate for new mortgage borrowers that has since been matched by TD.
Two Canadian economic forecasts were revised this week to reflect the damage cause by sliding oil prices. Meanwhile, household consumer debt levels continue to be cause for concern.
A new RBC study finds that the number of women entrepreneurs has increased, representing a significant contribution to Canada’s economy – $148 billion, to be exact.
This week’s Mortgages Spotlight: A new RBC report indicates the housing market will take a back seat to other economic drivers in the near future, as the export industry strengthens, and businesses boost their spending.