Canada’s GDP rose by only 1.7% at the end of 2017 In the fourth quarter of 2017, the Canadian economy slowed down showing a GDP of only 1.7%. The recent report by Statistics Canada says the growth pace was the same as in summer. However, both...

Canadians rarely search for better options before applying for mortgage The latest research by HSBC shows that Canadian mortgage borrowers are the least likely to shop around at the market searching for better rates. About 10,000 respondents from 10 countries were surveyed, and only 50% of...

How can home equity loans affect first-time buyers’ parents? The financial support from parents has become a huge part of housing markets in Toronto and Vancouver. However, the growing number of Canadians may put their retirements at risk. Usually, first-time...

Canadian banks keep increasing their profits due to international business Profit gains from international growth go on in case of several Canadian lenders. For instance, Bank of Nova Scotia and Bank of Montreal reported better than expected earnings for the first quarter, supported by strong...

Rating agency warns about mortgage fraud growth in Canada According to S&P Global Ratings, we may see more signs of mortgage fraud in Canada amid high household debt level and growing real estate prices. The national banking sector saw its risk rating rising from 2 to...