Canada’s credit market is expanding, but delinquency rates remain stable Although Canada’s credit market has expanded, consumers keep managing their debts quite fine. The mortgage market keeps showing slower growth, but the general results are still good. According to the recent report by TransUnion, the number of...

What to expect from home prices during the next 5 years? The new forecast by Moody’s Analytics concerning real estate prices will hardly make you happy. In case you already have a property and want to increase your equity sharply, it’s not going to work. If...

IMF believes Canada shouldn’t change mortgage stress test requirements According to the International Monetary Fund, household debt in Canada remains too high, and no police changes for increasing housing activity are necessary. The IMF’s report follows the Conservative Leader Andrew Scheer’s calls for reviewing the Liberal’s...

Happy Victoria Day – what are we celebrating today? Traditionally, Victoria Day is a federal Canadian holiday. It is celebrated on the last Monday before May 25 and honours the Queen Victoria's birthday. It should be noted that this holiday was celebrated even before Canada was...

Stephen Poloz doesn’t think changes to mortgage stress test are necessary Despite all the calls, the governor of the Bank of Canada doesn’t think changing mortgage stress test rules is necessary. "I don’t approve of it," - Stephen Poloz said in his recent interview when answering...