Canada

This Week’s Top Stories: Banks Say Canadian Real Estate Prices Are In A Melt-Up, While The Industry Sees Market Fizzling By Year End

Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Canadian Real Estate In A “Melt Up,” And Little Chance Of Stopping It By Spring: BMO Canadian real estate prices are in a “melt up,” says one the country’s largest banks. This is when prices show unsustainable price growth, based solely on […]

Canada

One In Ten Canadians Approve of Inflating Income For Mortgage Applications: Equifax

Many Canadians are surprisingly comfortable telling strangers they approve of mortgage fraud. Equifax released its latest consumer survey along with upgrades to its ClearPro fraud detection platform. The company confirmed what many have suspected — credit fraud may be rampant. It didn’t take sophisticated software to figure that out either. That was just the result […]

Canada

RBC Adds Two “Severe” Risk Scenarios, Including Canadian Real Estate

Risk models from Canada’s largest bank shows a wider range of uncertainty for real estate. RBC’s latest models, shared with analysts this week, shows a general forecasted improvement. The downside hasn’t changed much, indicating a little more uncertainty. They also shared they are considering two new and “more severe” scenarios for energy and real estate. […]