The pace of urban starts fell 10.2% during the month
Banks could be more heavily impacted in the event of an adverse unemployment shock or rapid rise in interest rates
Think-tank calls for new standards for federally regulated lenders and mortgage insurers
Those who received a gift from family as part of their down payment were less comfortable than others with their current level of mortgage debt
A staggering percentage of Canadians would even dip into their savings or take on debt to complete these renovations
Further measures to mitigate speculative and investment activity should be considered
House price overvaluation is now present in only six markets, rather than eight
Banks become more exposed to loss from mortgage defaults if an overheated market leads to a substantial drop in house prices
The Ontario government announced a series of measures after home prices surged one-third in a year
The province will also expand rent control, which currently only applies to units built before November 1991