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Real estate prices reach record high level in Toronto once again

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Latest news

Real estate prices reach record high level in Toronto once again

November was another record-setting month for the real estate sector of the Greater Toronto Area. According to the recent report by Toronto Regional Real Estate Board data (TRREB), housing sales were up by 3.3% last month on a year-over-year basis, reaching 9,017 transactions and...
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Real estate prices are expected to keep growing in Canada next year

According to the recent forecast from Re/Max, home prices will keep going up in Canada next year, inter-provincial migration will continue, and a restrained supply in certain areas will support prices growth. National real estate prices are expected to rise by 9.2% on average...
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OECD says central banks should keep calm even amid inflation hikes

According to the OECD, central banks need to keep calm amid a slower global economic recovery, the on-going imbalances, and a stronger-than-expected inflation growth. In its new report, the organization said price increases will reach their peak by the end of the year, as...
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OSFI plans new mortgage rules changes, but postpones Basel III reforms to Q2 2023

The Office of the Superintendent of Financial Institutions (OSFI) said it could implement stricter mortgage market rules during the next few weeks. OSFI decided to postpone final introduction of the Basel III reforms by one quarter. According to its recent letter to the industry,...
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Former central bank’s governor doesn’t think economic stimulus has led to Canada’s inflation hike

According to former central bank’s governor Stephen Poloz, government spending and stimulus haven’t caused today’s sharp inflation growth. “I don’t think it’s true,” – he said during a recent interview on CTV. “Moreover, the stimulus actually kept the national economy from falling into a...
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