News Releases

Concerns of a nationwide housing bubble in Canada should begin to deflate

- Latest data suggest rising income and falling mortgage rates have offset effects of higher house prices in most markets

- Currently, mortgage payments on the average-priced house in Canada consume a moderate 28 per cent of household income

- However, the typical family is largely priced out of the detached property market in Vancouver, Toronto and Victoria

- Canadians plan to save $9,859 this year, but three-in-ten have no plan in place to help them get there

- More than half are currently not putting aside enough money to meet their savings goals

- BMO encourages Canadians to create a fixed savings plan to ensure they achieve long-term financial success

- U.S. housing sales, retail sales and job numbers strengthening

- Germany, Italy and Spain showing signs of economic improvement

- Growth in China expected to exceed 7.5 per cent in 2013

- Canadian investors seeing better returns on equities