Canada still needs low borrowing costs – BoC’s Poloz

Robb NelsonMortgage Talk Canada

by Ephraim Vecina Global economic uncertainty means that the Canadian economy will still benefit from the boost that low borrowing costs can provide, according to the Bank of Canada’s Governor. In a recent speech in Nunavut’s capital Iqaluit, Stephen Poloz argued that the global slowdown is adding to the burden imposed by a national housing market constrained by stricter mortgage underwriting … Read More

Cannabis Revives Struggling Markets

Robb NelsonMortgage Talk Canada

by Neil Sharma Six months into legalization, cannabis is breathing new life into small, struggling markets. According to Altus Group, once-depressed tertiary markets are enjoying resurgence, thanks to the arrival of marijuana production facilities that are priced out of urban markets. One such example is Leamington, Ontario, where Aphria Inc. set up shop in an erstwhile Heinz Ketchup processing plant. Elsewhere … Read More

Ottawa to strengthen National Housing Strategy

Robb NelsonMortgage Talk Canada

by Steve Randall The federal government announced Thursday that it is adding more strength to the National Housing Strategy. The right to adequate housing for all Canadians will be supported by several key initiatives: Requiring the adoption and maintenance of a National Housing Strategy (NHS), that prioritizes the housing needs of the most vulnerable and requires regular reporting to Parliament … Read More

Most people think the Canadian housing market is balanced

Robb NelsonMortgage Talk Canada

by Steve Randall  April 9, 2019 The share of Canadians who believe the housing market is favouring sellers and those who think it favours buyers is aligned. Just 2 percentage points divide the two opinions, making it the first time in 5 years that a balanced market is perceived according to a survey by RBC. Roughly a third of respondents … Read More