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Bank of Canada should hike rates to pop housing, debt bubbles: former BoC aide
Wednesday, May 15, 2013
OTTAWA — The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former advisor to central bank Governor Mark Carney said on Wednesday.
Canadian home sales rise in April
Wednesday, May 15, 2013
Ottawa, ON, May 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged up slightly on a month-over-month basis in April 2013. Activity has generally held to within short reach of current levels for the past nine months.  Highlights: National home sales rose 0.6% from March […]
OSFI eyeing changes to mortgage rules: report
Monday, May 13, 2013
Canada’s banking regulator is mulling a further tightening of mortgage rules.
Toronto real estate: First-time homebuyers heavily influenced by commute
Thursday, May 9, 2013
Being close to transit, not so much friends and family, a priority, BMO says
One in five Canadian residents were born elsewhere: national survey
Wednesday, May 8, 2013
One out of every five people in Canada was born in another country, most notably Asia and the Middle East, according to details from a national survey released on Wednesday.
Canadians and Russians Penetrate U.S. Housing Market
Wednesday, May 8, 2013
Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways.
Drop in housing starts latest signal that housing market is cooling
Wednesday, May 8, 2013
Construction of new houses and condos slumped almost six per cent across Ontario and eight per cent across the GTA in April over March in the face of softening home sales.
Changes coming quickly to CMHC
Tuesday, May 7, 2013
Canada Mortgage and Housing Corp., the country’s national housing agency, is finally on the path to being operated like a significant financial player which it has morphed into during the past decade. A new chairman of the board, a soon-to-be unveiled chief executive and a new reporting structure that will overhaul its operations are the tangible indications of the fundamental changes playing out behind closed doors at the Crown corporation.
Toronto new condo sales fall 55% in 2013
Monday, May 6, 2013
Toronto condo sales slumped in the first quarter of this year as developers held back new project launches in the face of a softening market.
Paying off mortgage safer than investing the cash
Monday, May 6, 2013
Study after study suggests that Canadians are having a tough time paying off their mortgages, as debt levels continue to hit record levels year after year. Why?


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