Fitch expects Canada’s real estate market to cool down Canada is still one of the strongest members of the global housing market even in spite of this year’s slowdown. In its recent report, Fitch gave Canada a stable/negative rating, as low arrears rate goes against growing...

How can NAFTA negotiations affect mortgage rates in Canada? Although the new stricter rules for mortgage qualification may remain a question for real estate industry members, some other economic signs could mean quite positive changes in the nearest future. Here’s what a senior vice-president and chief...

The central bank’s rate hikes cycle hits record According to Macquarie Capital Markets Canada Ltd., the current extremely high debt level means the central bank’s rate hike cycle is the toughest in 20 years and more rises will only strengthen the consequences. ...

Can the Bank of Canada's gradual rate hikes be dangerous? According to economists, it will take more time for the recent rate increases in Canada to restrain consumer spending or lead to lower debt levels, than expected. The reason is that most mortgage holders don’t...

Canadian big banks follow Bank of Canada's example and raise their rates The largest Canadian banks decided to raise their prime rates as soon as the central bank announced its rate increase by 0.25%. On Wednesday, the Bank of Canada raised its benchmark interest rate to 1.25%,...