Canadian banks see more losses from delinquent mortgages in their future—a lot more losses. Mortgage loss expectations have 3x since 2019.
This week’s top stories include Canada’s real estate spreading beyond Ontario and BC, and the CMHC warns mortgage arrears are ...
The CMHC forecasts Canadian mortgage arrears will hit a 9-year high by 2027. Here is why the national housing agency might be ...
The Canadian economy has stalled, and the details offer little reassurance. Real GDP was flat in August for a second straight ...
The Ontario real estate downturn is expected to worsen. Mortgage arrears in the province are approaching 2008 levels, ...
Canadian real estate prices fell in 8 of 9 provinces last month. Ontario and BC lead the 22.5% drop from peak, but the ...
This week’s top stories include Canadian real estate prices are forecast to fall further, and banks wants more immigration to boost demand.
A Bank of Canada staff paper finds about 80% of the building boost from rate cuts comes from excess demand, and ignoring ...
Halifax home prices posted their second-largest monthly dollar drop on record as September new listings hit a six-year high, ...
Oxford Economics expects Canadian home prices to fall further as rising mortgage rates, weak hiring, and stretched valuations weigh on demand.
Canadian mortgage credit growth posted its weakest August since 2013. BMO warns renewed rate hikes could add pressure to ...
The PBO projects Canada's federal borrowing will outpace deficits 2-to-1, with debt servicing costs exploding to consume 1 in ...
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