According to Andy Warren from PwC, Canadians involved in the housing industry are significantly more optimistic about 2021 than their American counterparts. Warren says 83% of the recent poll’s respondents believe 2021 will be a good year, while the number is only 55% in...

In October, Canadian housing sales showed the first decline since April, as the increased activity of recent months started disappearing. According to the Canadian Real Estate Association (CREA), national homes sales fell by 0.7% from September. Benchmark prices were up by 1% during the...

The Bank of Canada’s Senior Deputy Governor Carolyn Wilkins expects the country to come out of the pandemic showing a lower outlook for potential growth and significant labor force challenges. In her opinion, a non-standard thinking is necessary in order to solve such problems....

Following a news about a 90% effectiveness of Pfizer’s COVID-19 vaccine, bond yields in Canada and the U.S. rose sharply. A 5-year bond yield reached 0.50% for the first time since the beginning of June. And as bond yields affect fixed mortgage rates directly,...

Right after the U.S. drugmaker Pfizer officially stated it had a COVID-19 vaccine breakthrough with a 90% effectiveness rate, the Dow Jones industrial average rose by more than 1,500 points (more than 4%), with Toronto market following the example. Canadian oil and gas shares were up...