Deconstructed: The good, the bad and the ugly of Ontario’s 16-point plan to tame housing Garry Marr | April 21, 2017 | Financial Post On Thursday, the Ontario government introduced measures intended to cool the housing market in the Greater Toronto Area. Here’s a breakdown of all 16 and the impact housing market experts believe they will or will not have.
Five reasons Canadians should not fear a housing market correction — and might even cheer it Garry Marr | Financial Post |April 13, 2017 CIBC chief economist Avery Shenfeld and his economic team won’t say whether the housing market is on the verge of a correction. Shenfeld, fellow economists Andrew Grantham and Nick Exarhos say the bigger question they continue to
Let’s talk money, honey Discussing finances with your partner is key for happiness by Prajakta Dhopade January 10th, 2017 In the haze of wedding planning or the emotional heat of committing to a partner you love, there’s one subject that often goes untouched—financial management as a unit. Tying the knot or signing the joint lease both come with big money
How Canada’s biggest banks have become complicit in the housing bubble Canada’s big banks have become addicted to mortgages—and it’s been incredibly profitable. But now we’re seeing the consequences of that debt binge Mar 13, 2017 Kevin Carmichael This article originally appeared in Maclean’s. Royal Bank of Canada Chief Executive David McKay flattered some Bay Street reporters with rare interviews
More Canadians are raiding their RRSPs to buy a house, make ends meet and pay off debt Garry Marr | February 7, 2017 A new survey suggests Canadians are dipping into their registered retirement savings plans like never before and the high cost of housing may be driving those decisions. The study released Tuesday and conducted by Pollara for Bank
Is Canada on the brink of a financial crisis? Cameron French,Yahoo Finance Canada Ever since the U.S. financial crisis in the late 2000s, there have been questions about whether there might be a Canadian version coming down the pipe. The fact that it hasn’t happened has been taken by some as proof that Canada’s financial system is a better machine
CMHC says in new guidebook maybe that loan is actually a little too large for you Garry Marr | Financial Post | February 28, 2017 Canada Mortgage and Housing Corp. has a new how-to guidebook on buying a home and one of the more intriguing bits of advice is not to take on as large a loan as you might qualify
Economist says it’s 1980s all over again in the Toronto market. Remember how that ended? Garry Marr | Financial Post | February 15, 2017 Bank of Montreal economist Doug Porter says Toronto is the midst of a housing bubble, comparing the market to “frothy” levels not seen since the 1980s. “There’s nothing tentative about the red-hot housing market in Toronto and
Toronto’s runaway housing market heading for paralysis, economists warn Carolyn Ireland The Globe and Mail, Feb. 23, 2017 Toronto’s real estate market is heading toward a state of paralysis, says Chris Kapches, president and chief executive officer of Chestnut Park Real Estate Ltd. Mr. Kapches says the shortage of listings prompted house hunters to head out in force in January.
‘Trump risk’ hangs over Canadian real estate market Carolyn Ireland The Globe and Mail, Feb. 02, 2017 What is the “Trump risk” to Canada’s economy and the lofty real estate markets in many big Canadian cities? Royce Mendes, senior economist at Canadian Imperial Bank of Commerce, is one of many Bay Street players grappling with the question. Mr. Mendes recalls