The Bank of Canada may follow the example of Norway, not the U.S. According to markets observer Kevin Carmichael, today’s situation controlled by the Bank of Canada, may have more in common with Norway than with the U.S. Carmichael says the growing signs of slowing world...

Low mortgage rates trend is expanding at the global market The global trend towards zero or negative interest rates has reached another level with Denmark practically paying homebuyers for getting 10-year mortgages. Jyske Bank A/S, Denmark’s third-largest lender, offers now a mortgage rate of -0.5%, while Nordea...

Real estate sales kept growing in July The recent report by the Canadian Real Estate Association (CREA) shows the national housing market is rebounding after the mortgage stress tests were introduced last year, as sales and prices are growing again. According to CREA, the average home...

GTA shows a detached market rebound The latest report by REMAX and Toronto Real Estate Board shows stronger activity at the detached homes segment of the Greater Toronto Area during the first half of the year, marking a significant recovery. The area including North and South...

Canada lost 24,000 jobs, but the housing sector added 30,000 new positions For those who still have doubts that Canadian real estate drives the national economy, recent job numbers could be a great example of this trend. According to Statistics Canada, the unemployment level was...