Residential Market Update

Market Commentary The household debt to income ratio has hit an all time high – 165%. Yet the Bank of Canada seems to have gone strangely quiet on the subject. Former bank governor Mark Carey routinely warned of the potential dangers brought by the lure of low...

Interest Rate Update

A quarterly Reuters poll published last Thursday indicates growth from the Canadian economy in 2010. This growth however is not indicated to be prompt enough to influence the Bank of Canada to raise interest rates anytime soon. The survey consisted of around 20...

Canadians Optimistic about the Housing Market

Canadians are confident that home values are increasing and are optimistic about local housing markets, the Canadian Association of Accredited Mortgage Professionals said in a report. An October survey conducted saw citizens reply with an average score of 6.56 out of...

Bank of Canada Maintains Interest Rate

OTTAWA, Ontario, October 20, 2009 — The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at...