By Josh Sherman Eight times a year, the Bank of Canada sets its key interest rate. Leading up to these routine announcements, there’s typically a flurry of commentary as experts weigh in on what it could mean for the Canadian economy if the central bank hikes, cuts or maintains its current rate. Given the housing market is one of the...[ read more ]
By Josh Sherman To get an idea of what’s in store for the Canadian housing market in the coming year, you might want to look back over the past 12 months. “On a regional basis, it’s probably pretty similar to what we’ve seen through most of this year,” says Robert Kavcic, a senior economist at BMO, of his housing market...[ read more ]
By Michael Aynsley Photo: Bank of Canada/Flickr In a meeting with the House of Commons finance committee on Tuesday, Canada’s top central bankers said the country’s real estate market is not at risk of a sharp correction despite recent reports of overvaluation. From the Wall Street Journal: [Bank of Canada senior deputy governor Carolyn Wilkins] said the central bank believed...[ read more ]
