Home sales set new record Home sales set a record for the month of June, standing 11 per cent above June 2014 and 14 per cent above the 10-year national average for the month, according to the latest figures from the Canadian Real Estate Association. But the trend is local, said the organization, pointing to […]

Canadians driven to huge mortgage rates   by Steve Randall | 10 Jul 2015 The Canadian dream of owning a home is driving some to agree to exorbitant mortgage rates from the world of shadow lending. A Reuters report says that while home prices have been increasing, mortgage lenders have become more conservative and regulators have […]

Greece Grabs Headlines But China Is Far More Important     While all the attention has been on Greece, the Chinese stock market has fallen nearly 30 percent in the past month as the economy slows and margin calls increase. Photo: AFP   China has more than 120 times the population of Greece and is […]

No need for policy on foreign investment says BCREA HomeMarket Update by CRE11 Jun 2015 Share on facebookShare on twitterShare on linkedinShare on google_plusone_share   The British Columbia Real Estate Association has published a report on the implications of foreign buyers on the housing market in the province. It has concluded that there is no […]

by Jamie Henry | 22 May 2015   David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and the Canadian dollar increasing its value, Wolf says the non-energy exports that governor Stephen […]

Why Are Bond Yields Rising? Will Mortgage Rates Follow? Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped […]

Rate cut talk gathers pace by Jamie Henry | 11 Feb 2015   More experts are joining the voices calling for a further cut in interest rates when the Bank of Canada announces its decision next month. The bank’s senior deputy governor Carolyn Wilkins said yesterday that “the economy still has room to grow” and […]

Major cuts to come from BoC? by Justin da Rosa | 04 Feb 2015   The voices predicting a further Bank of Canada rate cut have become a chorus, with another bank stating it believes the central bank still has additional basis points to slash. HSBC Bank PLC has predicted the BoC will lower its […]

Bank Prime: 2.85% Best Variable Rate: 2.15% Best 5 Year Rate: 2.79% Analyst explains why banks haven’t matched the BoC’s rate by Justin da Rosa | 29 Jan 2015 The big banks’ decision to lower their prime rates – but not fully match the mark set by the Bank of Canada – was about balancing […]