Government fixes mortgage market, but will it work?

Once again Ottawa has stepped in to slow what it believes is an overheated housing market, this time by putting the Canada Mortgage and Housing Corp. under tighter oversight and banning the use of CMHC insurance on covered bonds.

Decline in Dublin property prices slowing

Residential property prices in Ireland have fallen by 16.3% in the year to the end of March, the latest figures from the Central Statistical Office show.

OSFI to supervise CMHC

OTTAWA  — Finance Minister Jim Flaherty confirmed Thursday the government will tighten regulations for Canada’s housing agency in a bid to help limit the risk to financial institutions amid a red-hot housing market.

Federal Reserve keeps key interest rate on hold, offers few clues on stimulus

WASHINGTON – The U.S. Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.

Bank of Canada takes aim at home equity lines of credit

The Bank of Canada sounded the alarm on growing household debt on Wednesday, taking aim in particular at the growing tendency of Canadians to take out lines of credit using home equity.