Three in four Canadians who don't own a property say buying a home feels out of reach, a new poll shows.
OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios.
The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week's budget.
Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.
There's speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.
Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada's housing market compared to the general population.
The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.
Rising interest rates and the overall higher cost of living are causing a large number of Canadians to postpone their homebuying plans.
Rising interest rates and an uncertain economic outlook are causing many would-be homebuyers to postpone their plans to purchase a house.
Rising interest rates is a concern for most mortgage holders, though many feel "well-positioned" to deal with it.