Average Ontario home prices have risen 17 per cent over the past four years, with the most significant growth seen in the province’s north, according to a report released Tuesday.
Even after cutting growth prospects for Canada and much of the world, and noting that household debt remains worrisome, as does Europe, Mark Carney remains among the few voices not crying [...]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Single-detached housing starts fell in the second quarter of this year, compared with the same period a year earlier, the Canada Mortgage and Housing Corporation reported this week.
There is considerable concern about rising house prices in Canada. Some fear a housing bubble like the one that decimated the U.S. housing market and spilled over into the worldwide Great [...]