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...

It turns out that 2022 was the first year when more than half of investors in newly-completed GTA condos were losing money on their rental homes. According to the latest report by CIBC and Urbanation, this tendency can continue. The report says 48% of...