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A July 2017 report noted that uninsured mortgages represent the greatest risk to the financial industry. [133] A decreasing number of Canadian mortgages are backed by insurance, from over 60% in 2012 [134] to less than 22% in 2022. [135] Drops in home prices could cause homeowners to owe more on their mortgages than the house is currently ...
2019: RBC agreed to sell its Eastern Caribbean banking operations, in places such as Antigua, Dominica, and Saint Lucia, to a consortium of banks in the region. [44] 2022: RBC announced the acquisition of wealth manager Brewin Dolphin in the United Kingdom, in a deal which valued Brewin Dolphin at C$2.4bn (£1.6bn). [45]
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US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
U.S. gross domestic product (GDP) ramped up in the final months of 2021 at a better-than-expected 6.9% annualized rate in Q4, up from Bloomberg economists' consensus estimate of 5.5%.
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