Prime Minister demands a stress test review Minister of Finance Bill Morneau received a Ministerial Mandate letter from Prime Minister Justin Trudeau, demanding to review mortgage stress test. The prime minister pointed to Morneau’s four key principles for the introduction of the government’s fiscal plan: cutting...

Millennials' new interest for suburbs may lead to higher real estate prices in 2020 The recent report by Royal LePage says home prices in Canada are expected to rise by 3.2% in 2020, with Montreal, Ottawa and Toronto...

What could we expect from mortgage rates in 2020? This year was full of surprises for the national mortgage market. A recent report by the British Columbia Real Estate Association (BCREA) shows how the year started with a growing vector of Canadian yield curve and...

Mortgage stress test worsens housing supply issue and makes homes even less affordable Today, Canada is showing sustained economic and strong population growth. Millennials and new Canadians are creating households and they express strong desire to have their own real estate, especially amid low interest...

Next year could be crucial for some Canadian borrowers The recent report by TransUnion Canada says the outstanding credit card balances have exceeded the $100-billion level in Q3. It’s the first time on record, meaning Canadian borrowers keep piling up debts on the wave of...