Find us on Google+ Google+

Wednesday, July 6th, 2022

Canada house prices expected to rise further, fuelling fears of meltdown

The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year. Still, the survey medians showed house prices will likely rise more than earlier expected at least until 2017, […]

Canadian housing market defies skeptics as starts top expectations – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year’s government-induced slowdown. Housing market fuelling loonie’s rise from two-year-low The Canadian dollar rose from its lowest level in almost two […]

Canada’s Carney says rate hikes “less imminent” – Consult with a Vancouver Mortgage Broker

TORONTO (Reuters) – Interest rate hikes have become less imminent than the Bank of Canada once expected, although rates are still likely to rise, central bank Governor Mark Carney said in an interview published on Saturday. “Over time, rates are likely to increase somewhat, but over time, so a less imminent timing relative to our expectation,” […]

Bank of Canada not seen hiking rates until Q2 2013: Reuters poll

By Jon Cook TORONTO (Reuters) – Sluggish domestic growth and uncertainty about the global economy will likely keep the Bank of Canada from raising rates until the second quarter of 2013, according to a Reuters survey. The Reuters poll of 42 economists and strategists released on Wednesday showed the median forecast for the next interest rate […]

CDN jobless rate lowest since 2008

OTTAWA (Reuters) – Canada’s unemployment rate fell to 7.2 percent in July, its lowest since December 2008, from 7.4 percent in June, though this was due more to people dropping out of the labor market than to job creation. Statistics Canada said Friday the economy managed to eke out 7,100 new jobs while holding on […]