The CEO of at Canada Mortgage and Housing Corp, (CMHC) asked the nation’s lenders to reconsider offering mortgages to borrowers with high debt levels, noting that excessive borrowing will only worsen the situation. According to Evan Siddall, CMHC has lost market share because of...

Although the global pandemic almost stopped Canada’s housing sector activity, it looks like over the longer term it only fueled homebuying intentions. The recent poll by Mortgage Professionals Canada (MPC) shows that 14% of today’s renters plan a home purchase during the next 12...

According to the CEO of Home Capital Group Inc., Canada’s real estate market has so far managed to stay alive despite the coronavirus pandemic. However, the lender still points to a significant uncertainty caused by COVID-19. Home Capital reported its net income for the...

July reported new record high real estate prices in Canada’s biggest market as the activity kept rising after the previous pandemic lockdowns. Toronto Regional Real Estate Board (TRREB) says the average home price in the GTA was up by 16.9% annually last month to...

The national economy grew by 4.5% in May, marking a significant increase after April’s low results. However, the number is still 15% lower than in February. According to Statistics Canada, Canada’s GDP slightly exceeded $1.7 trillion, which is up from $1.62 trillion, seen in...