Residential mortgage balances reached $206.8 billion, while improved margins and lower credit-loss provisions helped lift second-quarter earnings.
CMHC data show half of the country’s social and affordable rental stock was built before 1980, while fewer than 4% of units were constructed since 2020.
Residential lending continued to drive balance growth, while non-performing mortgages remained below 0.2% of the portfolio.
For homeowners who expect to move eventually, accessing equity now may ease financial pressure and allow them to sell when ...
An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices.
The share of overdue consumer loans fell slightly in the second quarter, and so did some measures of newly delinquent debt, pointing to improvements for the U.S. consumer.
Chexy’s new mortgage rewards program offers one Aeroplan point per dollar paid, but borrowers must consistently redeem those ...
The Canadian economy added a surprise 75,100 jobs last month while the unemployment rate hit its lowest level in two years -- ...
The federal government is investing at least $2.7 billion to build more than 18 housing projects across Toronto.
British Columbia's housing minister said her government is working with Ottawa to help fund the infrastructure needed as it ...
DLC Group CEO Gary Mauris explains how the acquisition came together and responds to concerns about competition after two ...
A year ago, after a meeting with Canada’s provincial leaders, Prime Minister Mark Carney made a pledge that he has since repeated many times. (Bloomberg) — A year ago, after a meeting with Canada’s ...
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