Last month, housing prices in some of Canada’s most populated cities went up, showing resilience against higher interest rates. According to the latest report by Keefe, Bruyette & Woods, home prices rose by 8% in Toronto and by 7% in Vancouver during the previous...

This Wednesday, the central bank will announce its new interest rate decision and the majority of economists don’t predict any changes. As you know, the Bank of Canada’s key lending rate has remained unchanged at 4.50% since January. While there are certain experts calling...

It looks like the slowdown in Toronto’s real estate market keeps fading as home sales in May were higher than a year ago, while prices are near pandemic high levels. According to the Toronto Regional Real Estate Board (TRREB), last month there were 9,012 home sales,...

According to the latest report by Statistics Canada, households are seeing their credit card debts grow faster. In February, credit card debt issued by chartered banks rose by 1.45% and reached $1.3 billion, marking the third monthly gain in a row. In addition to...

Some economists believe that Canada’s latest GDP results increase the odds of more rate gains from the central bank, although it may prefer waiting for more data before acting again. According to Statistics Canada, the country’s economy showed an annual growth of 3.1% in the...