EXCLUSIVE: New details emerge about federal First-Time Home Buyer Incentive   Global News has learned the government’s First-Time Home Buyer Incentive will launch on September 2, days before an expected fall election call. The new program was announced in the federal budget last March, but some of the key details about how the program would […]

Next Rate Move Will be Lower: CIBC

‘Pretty cheap money’: Canadian mortgage rates falling to their lowest level in 2 years Fixed and variable loans have gotten cheaper because costs for lenders are down too Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that’s adding up to record low […]

The same type of debt blamed in the U.S. credit crisis could help Canada with housing risk Mortgage backed securities would be a good way for lenders to hedge their residential real estate exposure The Bank of Canada is pushing a private mortgage-backed securities market — but is anybody buying? Mortgages are the one thing […]

Raptors’ Kawhi Leonard offered free penthouse, food for life and all the Kraft Dinner he can eat to stay in Toronto Real estate investors, restaurant owners and tattoo shops are rolling out the red carpet In his 10 short months as a Toronto Raptor, Kawhi Leonard has already made history, leading the team to its […]

HonestDoor launches new era in real estate price information and transparency HonestDoor.com launched today in Edmonton, giving home buyers and sellers the information they want – including the last sold price of all residential properties in the city – to make the right offer on their dream home or to ensure they are receiving a […]

CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules ‘Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home ownership is out of reach,’ Evan Siddall said     The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage […]

High household debt, possible housing market shocks are main risks to the economy: Bank of Canada The Bank of Canada said high household debt and imbalances in the housing market remain key vulnerabilities in the Canadian economy. In its annual financial system review (FSR) released Thursday, the central bank identified the main factors that could have negative […]

B.C. says $5B laundered in housing market, pushing prices up 5% VICTORIA – A report that estimates $5 billion was laundered through British Columbia’s real estate market last year also lifts the lid on the extent of illegal cash moving across Canada. Some $7.4 billion overall was laundered in B.C. in 2018, out of an […]

Here’s What The Bank Of Canada Says Is The Real Reason For The Housing Slowdown Don’t blame government policy. We kind of did this to ourselves. Bank of Canada governor Stephen Poloz, right, listens to senior deputy governor Carolyn Wilkins during a news conference in Ottawa on July 13, 2016. MONTREAL — For months now, […]