FCAC, a branch of the Government of Canada, thinks the banks have insufficient controls to monitor, identify, and mitigate risk in retail banking – with a special note on mobile mortgage specialists.
Canadian household debt saw the largest reduction since 2011, which sounds great – but presents a big problem for real estate.
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]
Canadian real estate buyers have been maxing out their borrowing room, according to calculations from the Bank of Canada.
Canadian real estate buyers are increasingly turning to non-regulated lenders according to the Bank of Canada.
Bank of Canada is now warning that Canadian real estate mortgages might be a huge risk, here’s what they said.
Canadian real estate prices are high, but rising interest rates are sending the final cost of a mortgage even higher.
Record piles of debt? Apparently we haven’t seen anything yet, as the Bank of Canada shares data showing this trend is accelerating.
The Canadian consumer price index, one of the key indicators of inflation, fell to a 20 month low in June.