According to the recent report by the National Bank of Canada, an average Canadian household needs about 60 months in order to save up for a minimum mortgage down payment. The calculation is based on a 10% savings rate and a 6% down payment. Such...

Although the Canadian economy showed the largest annual GDP decline by 5.1% in 2020, the fourth quarter may still report a return to strong recovery. This could make the central bank start acting earlier than expected. “Such a possibility brings a potentially strong policy...

While extremely low insolvency rate is definitely good news, it may soon change. According to CIBC Deputy Chief Economist Benjamin Tal, as soon as the government support ends, Canada will face a wave of business bankruptcies. He says insolvency rate was down by almost...

During the last two months of the last year, Canada showed unexpectedly strong results even with the challenges caused by new pandemic restrictions. According to Statistics Canada, GDP was up by 0.7% in November compared to October, while economists surveyed by Bloomberg predicted only...

In case you were thinking about renting or purchasing a condo or an apartment in the GTA at the end of 2020, you could have been in a more favourable position during negotiations. According to the Toronto Regional Real Estate Board (TRREB), the number of...