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Toronto’s housing market may soon cool down slightly

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Latest news

Toronto’s housing market may soon cool down slightly

According to the recent survey by Royal LePage, the aggregate real estate price in the GTA was up by 11% annually and reached $922,421 in the third quarter of this year. The median price of an average two-story house showed a 12.2% annual increase...
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September 2020 – inflation shows a slight increase in Canada

Last month, inflation was up slightly in Canada, although price pressures were still weak as the economy keeps recovering from the pandemic consequences. According to Statistics Canada, annual inflation went up to 0.5% in September, following 0.1% seen in August and July. However, it’s...
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What do Canadian consumers expect in the nearest future?

Recently, the central bank released The Canadian Survey of Consumer Expectations, which focuses on respondents’ views concerning inflation, the labour market and household finances. The poll was conducted during the period from August 17 to September 1, 2020. It should be noted that COVID‑19 cases were up...
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Bank of Canada winds down three emergency programs introduced because of the COVID-19 pandemic

The central bank shuts down three emergency programs introduced earlier in order to support financial institutions during the pandemic. The reason is weak demand for those programs, as the situation is improving. On Thursday, the Bank of Canada said that starting with October 26, it will...
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Average real estate price rose by 17% in September

Last month, the average cost of a property sold on the Canadian Real Estate Association’s MLS service was up to $604,000, marking a new record and a 17% annual rise. Moreover, it was also the busiest September in terms of the home sales, with an...
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