
Calgary home sales ease amid pullback in detached market: Board
The Calgary Real Estate Board says sales eased in June as the market experienced a pullback in the detached and semi-detached housing categories.
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The Calgary Real Estate Board says sales eased in June as the market experienced a pullback in the detached and semi-detached housing categories.
A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.
Soaring rental growth in London’s premium districts is set to slow in the second half, with the cost of living crisis curbing the amount tenants are able to pay.
Australia’s central bank is all-but-certain to raise interest rates this week to slow accelerating inflation, piling pressure on consumers who are among the most indebted in the world.
Recessions, like unhappy families, are each painful in their own way.
Nov 14, 2018
Bloomberg News
,Canada’s six biggest lenders would absorb losses from a housing crash in Vancouver and Toronto without falling short on their minimum required capital reserves, a central bank study found.
Bank of Canada researchers ran a simulation where home prices dropped 20 per cent nationwide, and found cumulative earnings at the biggest lenders would be 14 per cent lower over three years compared with the economy’s “base case” performance.
“The financial system remains highly resilient,” Senior Deputy Governor Carolyn Wilkins told reporters at a presentation Wednesday in Ottawa to unveil a new web portal for financial-market information. “It’s important to analyze this kind of hypothetical risk scenario.”
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