Canadians show the strongest home buying intention in 8 years Growing confidence in the economy and national employment is pushing home buying intentions in Canada to the highest mark since 2010, even despite the new uninsured mortgage stress test. Moreover, 32% of Canadians say they...

Home prices growth is pushed by millennials and strong economy According to the latest report by BMO Economics, an on-going home prices increase in the main Canadian markets is supported by millennials buying properties amid strong economy. BMO names also other factors affecting the prices...

Canada’s GDP showed an unexpected decline in January The latest report from Statistics Canada shows that the national economy saw an unexpected decline by 0.1% in January. It means the first quarter growth could be lower than the central bank expected. Analysts surveyed by Reuters predicted...

Why a variable-rate mortgage can be cheaper for you these days As a rule, people believe that the safest variant amid the current mortgage market conditions is choosing a fixed rate for five years and forget about the borrowing costs changes. Of course, if it’s your...

Mortgage debt balances are growing again in Canada Canadian mortgage debts are growing again, following a short pause. According to the central bank, outstanding household credit kept rising last month. The tendency was mostly supported by a hike in mortgage balances. The gain follows January...