The recent poll by National Bank shows that Canada’s large urban centres were more affordable in the second quarter of this year. Such results followed worsening affordability during the previous two quarters. The main drivers of the improvement were higher incomes and lower interest...

The cost of new housing showed the largest monthly increase in more than three years in August due to higher prices for building materials. According to Statistics Canada, its New Housing Price Index was up by 0.5%, marking the fourth consecutive monthly hike and...

The recent poll by Scotiabank shows that lower interest rates are the main reason why young Canadians now want to enter the real estate market. In spite of the global pandemic, 18% of Canadians aged 18-34 noted their plans to purchase a property have...

According to CIBC World Markets deputy chief economist Benjamin Tal, Canada’s economy will face new challenges during the next six months. Meanwhile, the national real estate market will probably continue the V-shaped recovery. In his opinion, we’ll see another wave of the coronavirus, which may...

According to the recent report by Statistics Canada, the annual pace of inflation was almost unchanged last month, as lower gasoline and air travel prices offset growing costs in other segments. In August, the consumer price index was up by 0.1% from a year...