Finance & Mortgage

Canadian house prices down 2 Pct

Canadian house prices are down nearly two percent from the same time a year ago when adjusted for inflation as stricter borrowing rules and fading demand cool the market, according to a new Scotiabank real estate report released Wednesday.

OECD: Canadian real estate a risk to economy

Rising real-estate prices in Canada is causing risks to the world’s 10th-largest economy, according to a report released by the Organization for Economic Cooperation and Development on Wednesday.

Pa. lawmakers want mortgage settlement for mortgage aid

Pennsylvania's House of Representatives has voted unanimously on Tuesday, passing a state Senate bill that will use all funds from the National Mortgage Settlement to aid homeowners at risk of foreclosure.