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Industry News

Housing advocates call for amendments in omnibus budget bill

Housing advocates call for amendments in omnibus budget bill

  • Apr 19, 2019

Their proposed amendments are meant to give teeth to the bodies that will oversee the right to housing in the country


Bank of Canada expected to hold interest rates until early 2020

Bank of Canada expected to hold interest rates until early 2020

  • Apr 19, 2019

A new Reuters poll shows that economists are not expecting the central bank to hike rates until Q1 of next year


More immigrants invest in housing than native-born Canadians

More immigrants invest in housing than native-born Canadians

  • Apr 18, 2019

New StatsCan data shows that immigrant homeownership rate has outpaced that of native-born Canadians


Poloz abandons bias for higher interest rates

Poloz abandons bias for higher interest rates

  • Apr 17, 2019

The governor says that the focus now is on keeping the policy interest rate aligned with economic conditions


Canadian home prices still above G7 peers despite recent drop

Canadian home prices still above G7 peers despite recent drop

  • Apr 13, 2019

Dallas Fed data shows that the country’s home prices remain the most elevated among G7 economies


Dominion Lending Centres launches new mortgage app feature

Dominion Lending Centres launches new mortgage app feature

  • Apr 12, 2019

The new feature allows homebuyers to get pre-qualified for a mortgage in less than a minute


Insured mortgage debt hits 2 ½-year low in January

Insured mortgage debt hits 2 ½-year low in January

  • Apr 11, 2019

The outstanding balance of insured mortgage debt dropped to its lowest level since July 2016


Canada’s risky housing market trades place with US – IMF

Canada’s risky housing market trades place with US – IMF

  • Apr 11, 2019

A new IMF report says that policymakers were right to implement foreign buyers’ taxes and tougher mortgage rules