Mortgage growth slowing but Canada’s big banks not worried yet
Breadcrumb Trail Links Real Estate Mortgages Finance Banking Higher interest rates to keep growth subdued for rest of year Get the latest from Stephanie Hughes straight to your inbox Sign…
OSFI says housing market tops risks to Canada’s financial system
Breadcrumb Trail Links Finance Banking Growth of non-bank lending also raises concern Get the latest from Barbara Shecter straight to your inbox Sign Up Published Apr 18, 2023 • Last…
Canada’s housing current market seen as ‘main casualty’ of looming credit history squeeze
household-value-0321-ph Superior Early morning, Credit rating Suisse’s historic rescue seems to have quieted fears that the world is tumbling toward a worldwide money crisis — for now. But as the…
Silicon Valley Bank’s Toronto department seized by Canada’s banking regulator amid collapse
Canada’s banking regulator has briefly seized the assets of Silicon Valley Bank’s lone Canadian department just after the money establishment collapsed. U.S. banking regulators ended up compelled on Friday to urgently…
Finance Billionaire Smith Bets Canada’s Housing Slump Won’t Last
Breadcrumb Trail Links PMN Business Plunging Canadian housing sales and prices are prompting one of the country’s major financial-industry investors to plow C$1.7 billion ($1.3 billion) into a bet that…
‘Historic’ Correction Grips Canada’s Housing Market, RBC Says
(Bloomberg) — The housing market correction that’s taking hold in Canada could turn out to be its biggest in recent history, according to a new forecast from the country’s largest…
Canada’s Non-Bank Mortgage Industry More Than Triples Its Business
Canadian real estate sales and development soared, and so have mortgage credit needs. New data from Statistics Canada (Stat Can) shows non-bank credit intermediaries (NBCI) have seen explosive growth. Over…
Canada’s mortgage stress test is saving us from financial ruin. Will the haters finally admit it?
A house for sale in Ottawa on June 15.Spencer Colby/The Globe and Mail The fury was so palpable, and so widespread, that Carolyn Rogers had to do something. So in…