It looks like the central bank is ready to start reducing its asset purchases amid a better and faster than expected economic recovery. It could be one of the largest steps from a developed country aimed at cutting its level of monetary stimulus. On...

The government’s new budget shows it’s taking measures aimed at sky-rocketing home prices in Canada with plans to raise the market supply and restrain foreign homeowners. The budget includes $3.8 billion (US$3 billion) for help in building and repairing thousands of housing units. Moreover,...

TD Economics joined the discussion on ways to cool the hot real estate markets of Canada, saying that policymakers should not introduce any complex measures which don’t aim at the main driver of the home prices growth. According to TD Senior Vice-President and Chief...

In March, Canada’s real estate market reached a new record of home sales, with growing prices attracting more homeowners to start selling. According to the Canadian Real Estate Association (CREA), the number of home sales was up by 5.2% last month on a seasonally adjusted...

Housing prices in many Canadian cities have reached record high levels over the pandemic. As a result, some Canadians are even ready to give up on becoming homeowners. The recent survey by RBC shows that 36% of non-homeowners under the age of 40 don’t think...