Canadians got used to big banks so much, they can’t see their problems We all know the famous Big Six: RBC, TD, BMO, Scotiabank, CIBC, National Bank of Canada. How can we not? Each time any of them decides to cut their mortgage rates even slightly,...

Canadian real estate market remains vulnerable The latest report by Canada Mortgage and Housing Corporation (CMHC) shows that the national housing market is still “vulnerable”, even despite weaker overvaluation in Toronto and Victoria in the third quarter. According to CMHC, it’s the tenth consecutive quarter Canada’s...

TREB predicts moderate improvement of market conditions in 2019 Toronto Real Estate Board (TREB) President Garry Bhaura released the fourth annual market outlook report, following quite a challenging year for the real estate market. TREB expects moderate improvement of sales and average home prices this...

Mortgage growth fell to its lowest level in 17 years In December, mortgage growth went down to its lowest mark in 17 years, putting even more pressure on Canada’s big banks to focus on other business sectors. The central bank says residential mortgage growth was only...

Calls for less strict mortgage stress test are growing The Office of the Superintendent of Financial Institutions (OSFI) is facing more calls from banks and mortgage industry lobbyists to ease a stress test, created to reduce risky lending. However, according to three reliable sources, the...