The tumultuous events in Bangladesh are not as far away as you might think, and their effects on your well-being go far beyond cheap chic clothing. What we have on a global scale is a massive amount of lending by the poor to the rich. Sounds crazy, doesn't it? To his credit, Fed Chairman Ben Bernanke was one of the first economists to identify this problem, way back in 2005. He called it a global savings glut. It has only gotten worse since then. It is responsible for your low mortgage rate, and also large deficits and high unemployment in the industrialized countries.

TORONTO - The average Canadian homeowner doesn't think they'll be mortgage-free until they're 57 — two years longer than what they expected last yea...

Bank of Canada governor Mark Carney says interest rates may need to rise to discourage excessive borrowing, but adds there is evidence Canadians are a...

The number of new mortgages insured by the Canada Mortgage and Housing Corp. dropped by more than a third in the three months ending in September, ano...

As debate about the stability of the Canadian housing market continues to swirl, a new report has come down firmly on the side of the bubble believers...

TORONTO - New mortgage rules went into effect Monday in Canada, but a recent survey suggests many people are unfamiliar with the changes.Starting Mond...

When we see real estate prices in the news, we often get a lumped valuation of a specific city or country as a whole. The reality is that no matter how the market is performing, there will always be neighbourhoods that are increasing and ones that are in decline. Why is that? Here are few factors that can affect local real estate prices in any city.

Canadians have, on average, 15 years left on their mortgages, according to a survey released Wednesday by the Bank of Montreal. “This av...

OTTAWA - New mortgage rules to discourage homebuyers from borrowing too much could further dampen a fragile economy, but it's a risk worth taking, Fin...

OTTAWA - Credit rating agency DBRS said Thursday that average Canadian households can withstand a catastrophic drop in home prices, but warned that a ...

Finance Minister Jim Flaherty fired back Thursday at those in Canada's banking industry who have called on Ottawa to tighten lending regu...

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF have lowered this year's growth predictions, paving the way for - get this - America to take over the top spot.

Canada's national housing agency says it expects home sales and construction activity will cool but remain healthy in the second half of the year, due...

In the first half of July, the average resale price of a stand-alone home in Toronto was $720,808. A month later, in the first half of August, it w...