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Latest News
Are Toronto House Prices Headed Back to 2016 Levels? + MORE Feb 13th
Concern is growing that Canada’s largest housing market may be about to experience a new round of froth, similar to that seen in 2016. Back then, red-hot housing markets in the Greater Vancouver and Toronto Areas ultimately forced the federal government to introduce the 2016 and 2018 mortgage stre.... More »
Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war? + MORE Apr 15th
Make no mistake, we are in a war — an economic war. President Donald Trump has threatened, imposed, or temporarily reversed tariffs on just about every country in the world, including Canada.
Canada will now see a 25% tariff on aluminum, steel, Canadian automobiles and non-CUSMA-compliant .... More »
BoC’s Call for Longer Mortgage Terms Raises Questions + MORE May 9th
Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages. During a speech in Winnipeg, he said longer mortgage terms would “mitigate the normal risks in the system both for lenders and for.... More »
Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall + MORE Apr 12th
Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates..... More »
5 surprises to avoid when switching mortgages before your term ends + MORE Jul 31st
These days, being a home owner with a mortgage can feel like you’ve ordered the chicken dinner before realizing there was a steak special. You orchestrate a last-minute switch before your meal arrives, and it’s only once your overcooked steak is served that you know you’ve made a mistake.
.... More »
Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank
– canadianbusiness.com
TORONTO _ Canadian sales of cars and light trucks this year are expected to dip from last year’s all-time high, mostly because of weaker economic conditions in Ontario, Scotiabank said Friday in a report.
The bank’s automotive outlook projected that 2018 could end a five-year string of successive records that included 2.04 million vehicles sold in 2017 _ largely fuelled by demand in Ontario as well as a revival in Prairie provinces last year as they overcame the oil-price crisis.
Scotiabank doesn’t forecast much of a pullback this year _ about 40,000 vehicles.
But the bank expects Ontario _ which has been the major driver behind recent growth _ will put the brakes to Canadian auto sales this year, accounting for about two-thirds of the national sales decline.
Ontario’s purchases will “ease off” partly because a softer real estate market in the province will erode use of home equity loans to purchase vehicles, Scotiabank economist Carlos Gomes said in an interview…
The bank’s automotive outlook projected that 2018 could end a five-year string of successive records that included 2.04 million vehicles sold in 2017 _ largely fuelled by demand in Ontario as well as a revival in Prairie provinces last year as they overcame the oil-price crisis.
Scotiabank doesn’t forecast much of a pullback this year _ about 40,000 vehicles.
But the bank expects Ontario _ which has been the major driver behind recent growth _ will put the brakes to Canadian auto sales this year, accounting for about two-thirds of the national sales decline.
Ontario’s purchases will “ease off” partly because a softer real estate market in the province will erode use of home equity loans to purchase vehicles, Scotiabank economist Carlos Gomes said in an interview…
