Canada's heated housing market isn't doomed for a bust in 2010, says one of the major banks in a recent report on housing. Economists with CIBC World Markets say Canada will not see a major housing market bust like the US did. "Canada is not doomed to see a U.S.-style housing and mortgage blow-up," says CIBC's chief economist Avery Sheffield in the report. "The lessons for the U.S.
Various economists and media are predicting the lending rate to hold tomorrow by the Bank of Canada and continue unchanged through June, as previously pledged. Bloomberg reported its survey of 26 economists feel nothing will change in the 0.
A growing number of Canadians are opting to use mortgage brokers instead of going to the bank branch, a recent study said.
OTTAWA - Canada’s economy is becoming more solidly entrenched with the private sector beginning to play an increasingly pivotal role in leading the country out of recession, the Bank of Canada said today in its latest policy report.
Canwest News Service When Hamilton, Ont., residents and partners Kathy Funke and Grant Bivol wanted to purchase an investment residential property in 2000, they did what most Canadians do when it’s time to borrow.
