Real Estate Market
RBC Mortgage Rates Bad News for Canada’s Housing Bubble On Tuesday, January 5, Royal Bank of Canada (NYSE:RY), one of the country’s biggest financial lenders, said it would raise its interest rates on several mortgages starting this Friday. Could this rise in RBC mortgage rates disrupt Canada’s housing…
Low Oil Prices Could Pop Canada’s Real Estate Bubble Low oil prices have hammered Canadian housing prices, threatening to pop the country’s much discussed real estate bubble, but according to one industry insider, you haven’t seen anything yet. Over the past few years, Canada's housing market has truly…
In November, existing-home sales in the U.S. declined 6.1% from the previous month. They dropped to the lowest annual pace since May of 2014, falling to 4.93 million units from 5.25 million in October. (Source: “Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens,” National Association of…
The top one percent are spending and don’t really care about the other 99%. For the retail sector and particularly the luxury-brand stocks, this is welcome news. High-end jeweler Tiffany & Co. (NYSE/TIF) pleased investors and Wall Street on Wednesday after reporting better-than-expected results and increasing its fiscal…
The harsh winter conditions have negatively impacted the housing market, but the underlying long-term fundamentals appear to be in place and have not worsened. If the economic renewal continues, my sense is that the housing market will strengthen as we move along this year, which means continued opportunities…