Canadian economy reports unexpectedly strong results even amid sharp rate increases

Canadian economy continued to grow at the beginning of 2023 despite all the forecasts of a stall and future technical recession amid the highest interest rates in 15 years. According to the preliminary data from Statistics Canada, GDP rose by 0.3% last month with...
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Economists say the federal budget doesn’t include enough measures for improving housing affordability

According to real estate experts, a new mortgage code of conduct announced in the federal budget is good news for Canadians dealing with financial difficulties. However, they believe the economic plan doesn’t have enough housing affordability measures. The code of conduct introduced on Tuesday...
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Federal government introduces amendments for foreigners willing to buy Canadian property

Just a few months after the new rule took effect, the government is easing certain restrictions on foreigners buying residential property in Canada. From now on, non-Canadians with a work permit or work authorization can buy residential property, if they have at least 183 days remaining...
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Tips on keeping your credit score high and borrowing costs low

The consumer debt level in Canada is record-high with the latest data from Equifax and TransUnion, showing that credit card balances have reached their highest mark since 2019. Amid interest rates and borrowing costs growth, it’s vital today to keep the credit report in...
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Ontario budget causes a lot of doubts about the possibility to build promised 1.5M new homes

On Thursday, the Ontario provincial government released its 2023 budget called “Building a Strong Ontario”. An almost 200-page document points to the importance of housing and infrastructure investments. However, it doesn’t specify how exactly the goals will be reached. The budget mainly continues earlier...
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