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Industry News

BC home sales and prices expected to drop in 2019

BC home sales and prices expected to drop in 2019

  • May 30, 2019

A recent housing outlook projects an 11% drop in sales and a 4% drop in prices in the province this year


Canada’s home-price-to-income ratio ranks no. 1 worldwide

Canada’s home-price-to-income ratio ranks no. 1 worldwide

  • May 29, 2019

OECD shows that the gap between home prices and incomes grew fastest in the country in Q4 2018


BoC expected to hold interest rates until end of 2020

BoC expected to hold interest rates until end of 2020

  • May 29, 2019

A new Reuters survey shows that economists are expecting the Bank of Canada to cut rates by the end of next year


CMHC defends mortgage stress test rules from critics

CMHC defends mortgage stress test rules from critics

  • May 25, 2019

The agency’s head warns federal policymakers not to give in to calls from industry associations to ease the rules


TD Bank, RBC defy housing market slump with mortgage growth

TD Bank, RBC defy housing market slump with mortgage growth

  • May 25, 2019

Despite the cooling of housing markets in the country, both banks report earnings that beat analysts’ expectations


Drop in housing markets drags down CIBC’s mortgage growth

Drop in housing markets drags down CIBC’s mortgage growth

  • May 24, 2019

The bank reports a decline in its Canadian real estate secured lending portfolio


IMF warns against easing Canada’s mortgage rules

IMF warns against easing Canada’s mortgage rules

  • May 23, 2019

The organization says that doing so would be “ill-advised”


Home prices to grow in most cities in 5 years – forecast

Home prices to grow in most cities in 5 years – forecast

  • May 23, 2019

A recent Canadian house price forecast says that only two cities will experience price declines in the next five years