Canada

Canadian home sales rose in June at the fastest pace this year, led by a 17% surge in Toronto, a sign the market may be regaining strength.

Vancouver's housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.

Toronto home sales jumped the most in more than a decade last month, a sign that Canada's biggest housing market is rebounding from the chill brought on by tighter lending regulations and higher borrowing costs in the past few months.

Canada's home sales were little changed in May, suggesting the residential real estate market is stabilizing after seeing large declines earlier this year.

While unprecedented debt levels pose risks, lenders say there won’t be any major upset to the economy for a number of reasons, including the view Bank of Canada won’t press ahead with higher rates if signs of stress emerge.

Bank of Montreal is wooing homebuyers with a variable mortgage rate with the biggest discount ever by a large Canadian bank, according to one market watcher.

An economic revival in Canada's second-biggest city is fueling a real estate renaissance, speeding up sales, shrinking inventories and luring foreign buyers.

Canada's big banks don't seem keen to follow Toronto-Dominion Bank's lead on mortgage hikes – at least not all the way.

Canada's mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year.

Toronto-Dominion Bank has lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as Canadian government bond yields touched their highest levels since 2011 this week.