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Home Capital: Canadians still want to have their own home

According to the CEO of Home Capital Group Inc., Canada’s real estate market has so far managed to stay alive despite the coronavirus pandemic. However, the lender still points to a significant uncertainty caused by COVID-19. Home Capital reported its net income for the...
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July shows record high real estate prices in Toronto

July reported new record high real estate prices in Canada’s biggest market as the activity kept rising after the previous pandemic lockdowns. Toronto Regional Real Estate Board (TRREB) says the average home price in the GTA was up by 16.9% annually last month to...
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May 2020 – Canada’s GDP goes up, but remains 15% lower than before the pandemic

The national economy grew by 4.5% in May, marking a significant increase after April’s low results. However, the number is still 15% lower than in February. According to Statistics Canada, Canada’s GDP slightly exceeded $1.7 trillion, which is up from $1.62 trillion, seen in...
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Cottage market shows record sales caused by low mortgage rates and remote work possibilities

The current pandemic is causing a change in home buyer motivation, leading to a stronger demand for rural and cottage housing. Although provincial migration has been growing, particularly in Toronto where affordability has been affected during the previous several years, the switch to remote...
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Consumer confidence grows in Canada due to more optimism at housing markets

The latest weekly survey shows that consumer sentiment in Canada has improved amid more optimistic forecast on housing market and the national economy. The Bloomberg Nanos Canadian Confidence Index saw the largest one-week increase since mid-June from 46.7 to 48.4. As a result, it...
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