Canada recently suffered a setback fighting its reputation as a global money laundering hub. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the country’s financial crimes intelligence agency, disclosed a cyber incident in March. Nearly two months later, the country’s financial crimes intelligence agency still hasn’t got 100% of its systems back up and […] The post Canadian Anti-Money Laundering Reporting Systems Still Down Post-Hack appeared first on Better Dwelling ..read more

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Nears $3 Trillion, Over 130% of GDP Canadians are warming up to borrowing again, fueled by rumors of cheap credit returning soon. Households owed $3 trillion in debt as of February, climbing 3.4% from last year. Higher rates slowed […] The post This Week’s Top Stories: Canadian Mortgages Help Push Record Debt & Investors Are Fleeing appeared first on Better Dwelling ..read more

Higher interest rates may have slowed Canadians from borrowing, but they’re embracing hope. Hope that rates will be cut and the debt they’re once again accumulating will go down in cost. Bank of Canada (BoC) data shows household credit jumped in February, and has shown some mild acceleration. This presents a few concerns for the […] The post Canadian Household Debt Nears $3 Trillion, Over 130% of GDP appeared first on Better Dwelling ..read more

Canada has historically had a reputation as a safehaven to global investors, but those days are suddenly gone. Statistics Canada (Stat Can) released its securities trade for February. The data revealed global capital continues to flee the country’s capital markets at a record pace. Even worse, domestic investors are now joining them.  Canadian Investors Flee […] The post Canada Sees Domestic & Foreign Investors Pull Out At A Record Pace appeared first on Better Dwelling ..read more

Canada just announced billions in new measures to correct the housing issues it created. Last night the Government of Canada (GoC) released its latest budget, including billions in spending on new housing stimulus. BMO provided a list of the recent changes, noting they’ll have a limited impact, given most of the measures are demand stimulus. […] The post Canada’s New Housing Plan Won’t Help, But Slowing Immigration Will: BMO appeared first on Better Dwelling ..read more

Canada just lost some progress on the war against inflation. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) showing a mild acceleration for inflation in March. While minor, the move was broad based, primarily being driven by energy and shelter costs. Canadian Headline Inflation Saw Broad Based Acceleration Canadian inflation is heading in […] The post Canadian Inflation Heads In The Wrong Direction, Broad Based Growth appeared first on Better Dwelling ..read more

Canada dropped some new real estate demand stimulus, in the name of improved affordability. Last week, the Government of Canada (GoC) announced they’ll be extending amortizations for first-time buyers in certain circumstances. There are concerns this will pour gas on the speculative fire that was finally starting to fizzle out. BMO disagrees with that take, […] The post New Canadian Mortgage Rules To Have Little Impact On Housing: BMO appeared first on Better Dwelling ..read more

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slipped, Inventory “Jumps” In April Canadian real estate didn’t move much last month, but the data still hints at an interesting Spring. The price of a typical home slipped 0.3% lower in March. The month also showed a […] The post This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates appeared first on Better Dwelling ..read more

Canadian real estate had a slow start last month, but activity picked up towards the end. Canadian Real Estate Association (CREA) data shows sales and new inventory both showed only minor movements in March. Prices slipped lower but haven’t moved much since last year. The big insight was the surge of activity towards month-end, and […] The post Canadian Real Estate Prices Slipped, Inventory “Jumps” In April appeared first on Better Dwelling ..read more

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