Criminals may be taking advantage of lax disclosure rules in the Greater Toronto Area to park billions of dollars in ill-gotten gains in the regional housing market according to a new report.
The soothing message the Federal Reserve has been sending in recent weeks -- no interest rate hikes are likely for months to come -- will likely be reinforced when it ends its latest policy meeting Wednesday.
The average price for homes sold last month was down 5.2 per cent from last year as the number of sales dropped to a 10-year low for the seasonally weak month of February, the Canadian Real Estate Association reported Friday.
The Bank of Canada is leaving its key interest rate unchanged in the wake of an abrupt economic deceleration that it says is injecting more uncertainty about the timing of future rate hikes.
