August and September showed probably the last strong monthly economic growth, as Canada is heading towards a slowdown. According to Statistics Canada, gross domestic product was up by 1.2% in August, while a preliminary estimate for September is 0.7%. It’s the fifth consecutive month...

One of the main segments of Canada’s economy that has shown a fast recovery is a real estate market. Although many sectors keep climbing slowly out of the economic depths from the first wave of pandemic, housing and realtors saw increased demand. Due to...

The central bank reiterated its plan to keep the overnight rate unchanged over the next few years in order to support an economic recovery which is already restrained by the second wave of COVID-19. On Wednesday, the Governor Tiff Macklem kept the key lending...

According to the recent survey by Royal LePage, the aggregate real estate price in the GTA was up by 11% annually and reached $922,421 in the third quarter of this year. The median price of an average two-story house showed a 12.2% annual increase...

Last month, inflation was up slightly in Canada, although price pressures were still weak as the economy keeps recovering from the pandemic consequences. According to Statistics Canada, annual inflation went up to 0.5% in September, following 0.1% seen in August and July. However, it’s...