Canada

The company first entered the Canadian market in 2020 through an investment in an Ontario-based brokerage, which later rebranded to Rocket Mortgage Canada.

The government will also begin allowing mortgage default insurance on homes worth up to C$1.5 million ($1.1 million), an increase from the current cap of C$1 million.

Economists are also forecasting faster and deeper cuts to borrowing costs over the next year, and see the central bank reducing the policy rate from the current 4.5% to 3% by next July.

Canadian new home prices recorded their sharpest one-month gain in three years with higher demand and rising costs for building materials.

Construction on new homes surged to the highest level in more than a decade as Canada's housing market continues to defy expectations of a slowdown.

Canadian home sales surged to a record in July as homebuyers emerged from lockdowns.

Canada's residential real estate market is bouncing back from coronavirus shutdowns.

The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.

Toronto home sales and listings plunged in the first part of April as the COVID-19 pandemic curbed demand in Canada's largest city.

Real estate listings are drying up, open houses have been canceled, and buyers are staying home. One more pillar of the Canadian economy is under threat from the coronavirus pandemic.