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Scotiabank CEO sees Canadian housing slowdown, not crash
April 7, 2024
Bank of Nova Scotia Chief Executive Rick Waugh said on Tuesday that mortgage delinquencies have risen at Canada's third-biggest bank, but that he does not foresee a U.S.-style housing crash.
"We still anticipate what I would call in terms of housing, a soft landing, and all the metrics which we watch daily confirm that," Waugh told the bank's ...
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Canadian house prices edge higher in April
April 6, 2024
Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday.
The index, which measures price changes for repeat sales of single-family homes, showed overall prices ...
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Le marché de la copropriété se porte bien : SCHL
March 19, 2024
La seule chose qui monte en flèche sur le marché canadien de la copropriété, ce sont les copropriétés elles-mêmes. La construction de condominiums au Canada a explosé, mais la croissance de la population a permis de contenir l'offre excédentaire, a déclaré l'agence fédérale du logement dans un rapport publié mercredi, qui fait également état d'une ...
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As low as they can go
February 3, 2024
Mortgage rates at what many expect are at lifetime lows with nowhere to go but up are spurring consumers to jump into the housing market. As the Financial Post‘s Garry Marr reports, with time winding down to get in on some of the best mortgage rates in Canadian history, consumers have pulled the trigger on purchases, and in the process seem to ...
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Are interest rates going up or down?
January 25, 2024
Is Canada's benchmark interest rate going to go up, or is it going to stay where it is or even go down?
Just last month, the Bank of Canada dropped a mini-bombshell by adopting a neutral position on interest rates, after long insisting that any eventual move would be up. That left open the real possibility the central bank may, instead, lower ...
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