As a rule, spring tends to be the hottest season for Toronto housing market. However, as you have already noticed, rules don’t apply to this year. That’s why it shouldn’t surprise us that June’s real estate market performance can compete with previous April and...

According to the governor of the Bank of Canada, Tiff Macklem, the economy will face a long-term damage from the COVID-19 pandemic, and the path to a full recovery will be “prolonged and bumpy”. Macklem expects economic growth in the third quarter of 2020,...

According to the Canadian Real Estate Association (CREA), national home sales were down by 40% annually. Meanwhile, new listings fell by similar 38%. It means that the COVID-19 pandemic keeps affecting Canada’s housing markets after health and safety measures hit most of the country in March....

New central bank’s Governor says the Bank doesn’t plan to increase interest rates in the nearest future with today’s economic circumstances caused by the COVID-19 pandemic. According to Tiff Macklem, the Bank of Canada focuses on providing low interest rates in order to support an...

According to Equifax, during the first quarter of this year, Canada’s consumer debt loads showed a slight decline for the first time in more than 10 years. At the end of March, the average Canadian reported $23,386 worth of consumer debt, marking a 0.49% annual...