Household debt hits a new high
Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.
Toronto’s real estate market moves into negative territory
Well, its official… Toronto’s real estate market has shifted into negative territory in its average price. The October market marked the first month to month price decline (0.6%) since late last year. Toronto’s real estate market has continued to soften since the new mortgage rules went into
What you need to know about the housing bubble
Giving thanks to tighter banking regulations and lending standards, Canada has been able to sidestep out of control housing prices.
Mortgage rule changes go into effect today
Beginning today, lending institutions can only issue home equity loans up to a maximum of 80%, down from 85%, of a property’s value.