The Bank of Canada appears cautiously optimistic that new mortgage rules can successfully take risks out of the housing market and financial system, but it won’t happen overnight.
Almost half of new, young homeowners put down less than 20 per cent down on their homes, something that could make them vulnerable to economic shocks down the line.
November’s housing market was spurred by a rise in sales, particularly in the lower price ranges. Watch CREB® president David P. Brown as he recaps the key influencers that shaped the market in [...]