Page 39 - Benjamin Tal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Second half of year will see strong rebound, according to one economist

Canada's suburban flight will subside post-pandemic: CIBC Shelly Hagan, Bloomberg News VIDEO SIGN OUT Big cities in Canada will come back to life once the pandemic is over and so will demand for homes in them, according to a new paper by economists at Canadian Imperial Bank of Commerce. COVID-19 has caused buyers to shun high-rise units in city centres in favour of single-family homes with more space in the suburbs or outlying regions. That’s resulted in a divergence in prices for detached houses versus condos -- but economists Benjamin Tal and Royce Mendes don’t think it wi...

The Globe and Mail Adrian Wyld/The Canadian Press Published December 11, 2015 This article was published more than 5 years ago. Some information in it may no longer be current. Text Size The Liberal government is overhauling the rules governing the mortgage industry in a bid to target what it said were "pockets of risk" in the housing market. The three-pronged approach includes doubling the minimum down payment for some home buyers, increasing the fees charged to lenders that securitize government-backed mortgages, and proposed changes that could require lenders to hold more capital again...

Canadian banks had 37,582 active mortgage deferrals on their books as of the end of December, or 0.8 per cent of their residential mortgages, according to the Canadian Bankers Association

Read latest breaking news, updates, and headlines. Leader Post offers information on latest national and international events & more.