According to Scotia Economics, stricter stress test for mortgages will hardly have a strong influence on Canada’s red-hot real estate market, calling for reduced stimulus. The bank believes the tighter B-20 stress tests introduced by the OSFI this week will not have “a significant...

Following a new wave of concern from the Bank of Canada on buyers’ excessive debts, the country’s officials show more efforts to cool the Canadian red-hot real estate market, imposing stricter mortgage qualification rules. As you know, Prime Minister Justin Trudeau’s government set a...

The Office of the Superintendent of Financial Institutions (OSFI) has confirmed that stricter rules to the mortgage stress test will take force on June 1. According to OSFI, the new qualifying rate for an uninsured mortgage (the one with a down payment of at...

Last month, consumer prices in Canada reported the fastest growth in 10 years, exceeding economists’ forecasts and raising concerns that the country is entering a stage of persistent inflation. According to Statistics Canada, the annual inflation reached 3.4% in April, following 2.2% seen in...

It looks like massive vaccination against COVID-19 has led to a stronger consumer confidence in Canada. According to the recent survey by Nanos Research Group for Bloomberg News, almost 45% of respondents expect the national economy to be stronger over the next six months....