Central bank says new mortgage rules led to tighter household lending conditions The Bank of Canada released the results of its quarterly poll of financial institutions. It says new mortgage rules led to tighter lending conditions for households in the first quarter of this year. The...

Canadian big banks may have weak control measures over their specialists – be careful when getting a mortgage Recently, bank executives started expressing their concerns about foreign buyers. And it couldn’t be just a coincidence that it began right now, following the last week’s report...

Housing affordability is improving in Canada, but RBC says it’s only temporary Although Canadian homebuyers are finally facing improvement in housing affordability, RBC says it’s only a short-term trend. According to the bank, home prices decline in Toronto was the main driver for the national improvement,...

The last data the Bank of Canada will review before the next rate meeting Stronger optimism about a possible draft NAFTA deal coming soon hasn’t led to forecasts of a faster rate increase by the central bank, especially amid the growing tension between U.S. and...

Housing sales in Toronto went down by 39.5% in a year The Toronto Real Estate Board (TREB) says home sales fell by 39.5% last month compared to extremely high numbers of March 2017. The reason for such a decline is the result of cooling measures...