The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
CMHC is making policy changes to help self-employed Canadians obtain mortgages. The self-employed comprise about 15% of Canada’s population, says the crown
Chinese consumers can now buy Canadian homes online through a deal inked with Juwai.com, China’s largest real estate website selling international properties, and JD.com, which is China’s
In mortgages, what’s old is new again – the one week’s salary rule.
Rising house prices have pushed most Toronto real estate beyond the 25-per-cent-of-monthly-salary maxim.
Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage.
But there’s one problem. Unlike in the U.S. where
The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting
For Immediate Release
Please see attached Genworth Canada’s Homeowner Assistance Flooding Relief for homeowners impacted by the recent floods in parts of our country.
Ontario slaps 15% tax on foreign buyers, expands rent control in 16-point plan to cool housing
The Ontario government moved forward Thursday with initiatives to rein in the housing market in and around its largest city, announcing 16 new measures including a 15 per cent tax on foreign buyers and expanded rent control rules.
One former banker claims high pressure sales tactics are prevalent at the majority of the big banks, following allegations of controversial sales practices by TD Bank.
A number of TD Bank tellers have claimed increasing pressure from the big bank to upsell financial products clients may not need, amid shrinking margins.
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The Bank of Canada has decided to keep its benchmark interest rate where it is, citing a possible slowdown of the economy.
While the economy gained steam through the last half of 2016, it predicts a slowdown ahead, which is why it has decided to keep its benchmark interest rate where it is for now.