Smith Financial to buy Home Capital Group as mortgage industry under strain
TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising […]
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B.C. government to bring in rental changes, supply laws to boost housing
VICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they’re concerned about effects the laws will have on […]
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Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be “even more powerful” than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path […]
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GTA new home market sees small increase in activity in October
The GTA new home market picked up slightly in October, though activity remained well below levels that are typical for the month, reports the Building Industry and Land Development Association (BILD). Total October new home […]
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Inflation relief measures should be well targeted and temporary, says Macklem
OTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem. At a House of Commons committee meeting Wednesday, Conservative MP Adam Chambers asked the governor […]
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