Mortgage

VICTORIA — A real estate market outlook by Vancouver's Central 1 Credit Union says tougher federal and provincial government housing policies are behind a drop in demand for resale housing in British Columbia.The report released on…

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations.'' My job is to…

TORONTO – ­Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday.The debt to income ratio of Canadians hit a record…

Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary Fund.The organization calls for policies that focus on…

OTTAWA – Bank of Canada governor Stephen Poloz says it's time for fresh ideas when it comes to Canadians' mortgage options.Poloz used a speech Monday to call for more choice in the country's mortgage marketplace. He made arguments in…

Ottawa's new mortgage stress tests accounted for at least half of the decline in new mortgages started last year, according to a new report by CIBC that calls for the measure to be revisited amid a falling housing markets.The total…

OTTAWA – Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point.A report Thursday from the Canada Mortgage and Housing Corp.…

OTTAWA – The chief executive of the Canada Mortgage and Housing Corp. says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live, adding to the billions already available in government funding.…

MAPLE RIDGE, B.C. – Prime Minister Justin Trudeau touted efforts by the Liberal government to help first-time homebuyers put more down on their mortgages during a visit to a region of the country today that is facing a housing squeeze.…

Luxury home sales fell in the two formerly hot housing markets of Vancouver and Toronto, as well as Calgary, in the first couple months of the new year, according to data released Wednesday by Sotheby's International Realty Canada.That…