The shadow banking sector has been feasting on government-insured mortgages by Erica Alini The practice of packaging government-insured mortgages into securities has grown “substantially” since 2007 and such investment tools constitute the largest component of the so-called shadow banking sector—i.e. non-bank institutions that perform some bank-like functions—the Bank of Canada said yesterday in a new report. […]
In realty obsessed Canada, even Steeltown becomes Goldtown
Stinson school lofts in Hamilton Bidding wars, soaring house prices hit Hamilton real estate Real estate gains reflect boom in city’s once sagging fortunes SUSAN PIGG/TORONTO STAR HAMILTON—Cathy Thomson always imagined that when she and her husband retired, they would sell their house in Oshawa and move to the big city. They did. The City […]
Canadian mortgage rates are heading higher and higher
Really ? Interest rate never go up, but banks want to charge more and more … while facing no risk whatsoever ? For the record, mortgage risk is underwritten by CMHC ie. your money … and it’s approaching $Trillion now. So, what’s the rationale here ? Canadian mortgage rates on the rise A number of […]
Real estate is Canadians’ new national past time
Canadians are real-estate obsessed, survey suggests Facebook Profile Name: John Doe Passion: Real Estate Hobby: Browsing Home Listings Confession: I can never own a home in Canada, not even the shingles on the roof Is real estate Canadians’ new national past time? Canadians increasingly obsessed with real estate according to new national poll Is real […]
Canada real estate neither overvalued nor having bubble
Canadian Housing Overvalued? Maybe Not By David George-Cosh If you’re following the headlines on Canada’s housing market—and who isn’t—you likely noticed the Organization for Economic Cooperation and Development described Canada’s housing market as overvalued and at risk of suffering a correction. Not so fast, says Mario Lefebvre, director of the Centre for Municipal Studies at […]
Paul Krugman: “Think there is no housing bubble in Canada ? Think again.”
Nobel laureate economist warns Canada at risk of housing bubble shocker BY JOHN SHMUEL, POSTMEDIA NEWS Economist Paul Krugman has delivered a cautious warning about Canada’s housing. Nobel prize winning economist Paul Krugman has served notice that Canada may be experiencing a housing and debt bubble. In a new post on his New York Times blog, […]