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The Town of Canora will be under a precautionary drinking water advisory, effective 8 a.m. tomorrow (Thurs), a...

Bank of Canada rate hike yet to slow demand

Article content The recent surge in home prices has a federal regulator reminding lenders to stay sharp, but it is also prompting concern that borrowers may be stretching themselves financially and, in some cases, stretching the truth when they apply for a mortgage. One Canadian mortgage brokerage told the Financial Post it has recently uncovered a rash of suspicious employment letters submitted by individuals trying to obtain loans in the Greater Toronto Area. We apologize, but this video has failed to load. Try refreshing your browser, or Amid hot housing market, stretched borrowers may be...

Article content Mortgage rates are climbing across Canada, but even increased borrowing costs may not be enough to tame a raging market for residential real estate that is starting to catch the attention of policymakers. Recent housing market activity has been “much stronger than expected,” the Bank of Canada said last week. Mortgage rates, meanwhile, remain relatively low, even as they’ve been ticking up lately. We apologize, but this video has failed to load. Try refreshing your browser. Rising mortgage rates yet to put a dent in exuberant housing market as policymakers take note Bac...