Housing bubble

Decorative pattern

Industry

Housing and mortgage markets are stable

Risk management, proprietary lending criteria and operational efficiencies will boost the performance of [residential mortgage financing companies], said Home Capital Group at its inaugural Investor Day held yesterday.

June 7, 2012

2 min read

Decorative pattern

Economic Indicators

Canada’s houses too expensive: RBC

Canada’s housing affordability has deteriorated in the early months of 2012, after two consecutive quarters of encouraging improvements, says the latest Housing Trends and Affordability Report by RBC Economics Research. Vigorous homebuyer demand pushed home prices higher during Q1 2012, driving up the costs of owning a home in Canada. “It became a little tougher […]

May 30, 2012

3 min read

Decorative pattern

Industry

Housing crash? So what

A debt-rating agency, DBRS, conducted a ‘worst case scenario’ study, which indicates Canadian households could tolerate a 40% drop in housing prices without having to default on their mortgages. Policy makers are increasingly concerned about what could happen if the record low interest rates began to rise or similarly staggering housing prices began to fall. […]

By Martha Porado |May 26, 2012

1 min read

Decorative pattern

Industry

BMO reignites mortgage war

Barely two months after the fires were put out, BMO has reignited the cooling embers of the mortgage war among Canada’s largest banks. The bank announced, effective today, it is dropping the interest rates on a five-year mortgage to a historic 2.99%, a reduction of 50 basis points on the existing rate. The rate on […]

By Vikram Barhat |March 8, 2012

2 min read