In 2020, Canadian households raised their disposable income by about 10% due to the government’s support during the pandemic period. The recent report by Statistics Canada shows that total household wealth was up to $12.8 trillion by the end of the year, with the...

During the first quarter of 2021, Canada’s economic recovery was most likely pushed up by a recovering export sector and red-hot real estate market leading the total output close to the pre-pandemic level. Statistics Canada’s next report is expected to show that the annual...

Starting June 1, homebuyers in Canada will need to undergo a stricter mortgage stress test, cutting their buying power and probably supporting the market’s cooling, which has already started. Although new rules tend to cause a rush of buyers, eager to make a purchase...

It looks like Canada’s largest banks are making it clear that financial troubles caused by the COVID-19 crisis are mostly over in North America even earlier than analysts had predicted. Following a year of increasing record amounts of capital for protection against a possible...

According to the recent data from Canada Mortgage and Housing Corporation (CMHC), non-resident homeownership in Canada’s largest cities is growing. Although in case of Toronto, the share of condos owned by non-residents was down slightly from 3.3% in 2019 to 3.1% in 2020, foreign...