Roaring Canadian jobs market signals economic rebound | CANADIAN REAL ESTATE WEALTH

March 15, 2021, by Dr. Sherry Cooper Statistics Canada released the February 2021 Labour Force Survey showing much stronger-than-expected job growth.  Employment rose by 259,200 (1.4%) in February, after falling by 266,000 in the prior two months, nearly reversing the effects of the second pandemic wave. The jobless rate fell a whopping 1.2 percentage points…

OSFI proposes new stress test for uninsured mortgages | INVESTMENT EXECUTIVE

April 8, 2021, by Jordan Press, Canadian Press. The federal banking regulator is proposing increased requirements to the stress test facing homebuyers with uninsured mortgages as it looks ahead to a return to pre-pandemic financial conditions with higher interest rates. The proposal from the Office of the Superintendent of Financial Institutions would set the qualifying…