The Office of the Superintendent of Financial Institutions (OSFI) launches public consultations on the current and newly proposed mortgage lending rules, stating that the loan risks have intensified sharply since the beginning of the COVID-19 pandemic. According to OSFI, the consultations on the B-20...

According to Benjamin Tal, deputy chief economist at CIBC World Markets, the uncertainty that has pushed home sellers and buyers out of the market recently will begin to ease this year. The stable market will encourage sellers to list their properties, he says, and...

Home prices continue to grow these days in Canada. In 2022, shelter inflation, including rent, mortgage interest costs, homeowners’ replacement costs, and some other expenses, went up from 6.6% in August to 7.2% in November, Capital Economics says. One of the main drivers of that increase was...

The Office of the Superintendent of Financial Institutions (OSFI) will consider new limits for firms’ mortgage lending in an effort to protect the national financial system. Such a change will probably become another challenge for the real estate market. According to Superintendent Peter Routledge,...

According to experts, the recent jobs growth increases the odds of another interest rate hike by the central bank during its next meeting on January 25. The Statistics Canada report says the national economy exceeded economists’ forecasts by adding 104,000 jobs last month. As a...