Low-rate pledge revives fears of hard reckoning for Canada’s housing market The federal government has tightened mortgage lending rules four times in the past five years in a bid to cool the market and prevent home buyers from taking on too much debt. Bank of Canada pessimism The lower economic outlook and stubbornly low inflation mean the Bank of Canada is likely to […]
Real Estate Reigns, Cheap Money Rules
Low rate pledge seen recharging Canada’s housing boom The Bank of Canada’s surprising signal on Wednesday that it will not raise interest rates any time soon will lift the housing market and give indebted households breathing room, but it leaves many apprehensive there will be a hard reckoning.