In Canada, a nation of Realtors braces for the end of the boom

Posted Posted in Market Commentaries, Real Estate Market Commentaries

OTTAWA (Reuters) – Canada’s long housing boom has drawn thousands into the sector, from realtors and home staggers to construction workers, and a looming slowdown threatens to trigger an exodus that could wipe out many of those jobs and force the economy to shift down. While housing has long been the main engine of Canadian […]

Rate hike has immediate effect on consumers

Posted Posted in Articles, Market Commentaries, Mortgage

Tarek Mnaimne has been considering dipping his toes into the Canadian real estate market, particularly in Toronto or Montreal, but the rate hike from the central bank is giving him pause. “It just doesn’t look as attractive as it used to,” says Mnaimne, a Canadian expat currently working in Kuwait City as an investment analyst. […]

Mortgage Rates expected to rise again

Posted Posted in Banking, Market Commentaries

Well, no one expected this. For months the consensus has been that interest rates in Canada would remain stable right into 2018. Now Bank of Canada governor Stephen Poloz and his colleagues are dropping broad hints that the central bank will move a lot sooner, perhaps as early as this Wednesday’s meeting. The loonie has […]