Household debt hits a new high

Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.

Condos fueling jump in Canadian housing starts

According to STATSCAN, building permits worth$5.8 -billion were issued in January, which is up 1.7% from December.  The value of permits were also up 17.6% after a 6 month decline.