The Bank for International Settlements is flagging Canada with two warning signs, indicating a financial crisis is likely.
Canada Hits Two Critical Warning Signs For A Financial Crisis
Canada’s Inflation Hits A Low For 2017, Making An Increase In Interest Rates Tricky
Canada saw the consumer price index (CPI) slip, falling to a low for 2017. This could put a hiccup in rising interest rates anytime soon.
This Week’s Top Stories: China’s Largest International Real Estate Buyer Has A Problem, and Government Warns Canadian Debt Will Hit New Records
China’s largest international real estate buyer has a problem, and the Canadian government thinks household debt will accelerate.
Bank of Canada Believes Housing Is Still Pretty Cheap…Seriously
Could have fooled us, but the Bank of Canada’s housing affordability index shows Canadian real estate is affordable.
Canadian Government Is Now Warning Household Debt Will Shatter Records
Canada’s Parliamentary Budget Officer is warning that household debt will accelerate through next year, shattering previous debt records.
Government of Canada Doesn’t Expect Interest Rates To Rise Until 2018
A new release from the Parliamentary Budget Officer of Canada doesn’t anticipate interest rates will rise until sometime next year.
This Week’s Top Stories: Sydney Sees A Boom In Second Homes, Toronto’s Home Flippers Are In Full Force, and Bank of Canada Flags Traditional Mortgages
The über rich are flocking to Sydney for second homes, 7% of Toronto homes sold were owned less than a year, and BoC finds mortgage problems.
BC Real Estate Sales Fall By Over $10 Billion YTD
British Columbia’s cool start to the year is adding up to over $10 billion less in sales this year compared to last.
The Cost of Buying A Million Dollar Home In Canada Has Dropped By Over 20%
The cost of buying a million dollar piece of Canadian real estate has dramatically declined over the past decade.
Canadians Are Using Second Mortgages To Avoid Bankruptcy
Canadian bankruptcies from homeowners are at an all-time low, but an expert argues this is due to second mortgages and HELOCs, not wealth.