Tagged: Bank of Canada

The Bank of Nova Scotia expects Canadians to concentrate on saving more of their incomes while governments focus on climbing out of deficits

Consumer spending will continue to cool

While Canadian households may be setting new highs in debt-to-income ratios, the country’s corporations, governments and citizens are in a much stronger position to handle that risk, a new report from the Bank of Nova Scotia said Thursday.

Housing correction? Maybe – but not a major decline

Housing correction? Maybe – but not a major decline

It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.

Downtown Vancouver Condo

September home prices steady

The average price of a home sold in Canada in September was in line with that of a year earlier, even as 19.8 per cent fewer sales were registered.

Vancouver Real Estate Sold

Home sales, prices up in September

Housing sales rose in September for a second straight month while average prices reversed the falling trend with a 1.9% increase from August, the Canadian Real Estate Association said Friday.

Vancouver Real Estate

Canada will lead G7 in economic growth

Despite the recent slowdown, the International Monetary Fund said Wednesday it still sees Canada will be the leader in economic growth among major industrialized countries this year and next.

Housing market makes strides

Housing market makes strides

The Canadian housing market “vastly improved” over the last three months, ReMax Canada said Tuesday, but sales are expected to remain sluggish for the rest of the year.

The real estate brokerage firm said in its “Market Trends Report” that sales should return to average levels this fall after a slow summer, but that the pace set in 2009 was unsustainable.

Vancouver Real Estate

Banks hold most of the cards in mortgage game

To understand the housing market and where it’s headed, it’s a good idea to take a close look at the big banks.

As providers of more than 60% of home loans in Canada they are major players, determining everything from who gets to be a buyer to what people can afford to pay.

Why rising interest rates haven’t flattened the housing market

Why rising interest rates haven’t flattened the housing market

So much for the housing market being crushed by rising interest rates.

The Bank of Canada cranked up its trendsetting overnight rate for the third time in four months on Wednesday and the impact will be felt by a wide range of borrowers. But home buyers? Not so much.

Bank of Canada

Bank of Canada boosts overnight lending rate

Bank of Canada governor Mark Carney raised the overnight lending rate a quarter percentage point on Wednesday morning, in line with most analysts’ expectation.

Carney raised the trend-setting rate from 0.75 per cent to an even 1 per cent.