As many other announcements from the Canadian Mortgage and Housing Corporation (CMHC), the introduction of new rules for insured mortgages caused a wave of criticism and anxiety. One of the changes, taking effect on July 1, led to particular concerns – raising the minimum...

Canadian economy saw a decline in October The recent report by Statistics Canada shows the national economy saw a slight decline in October, as the GDP went down by 0.1%, marking the first decrease in 8 months. Meanwhile, economists expected no changes compared with September. The...

Immigration led to the largest population growth in Canada since 1971 A new wave of immigrants and non-permanent residents pushed Canada's population up by 0.6% in Q3, which is the largest gain in almost 50 years. During the period from July to September, Canada’s population rose...

New mortgage forecast for 2020 Today we are analyzing another mortgage prediction for 2020. The recent report by Fitch Ratings says Canadian mortgage lenders don’t have reasons to worry about their loans’ performance next year. According to the firm, the...

Consumer confidence goes down in Canada, but businesses are feeling optimistic As the year ends, Canadian consumers show quite neutral economic outlooks. According to Bloomberg and Nanos Research, the weekly Canadian Consumer Confidence Index rose slightly from 55.09 to 55.27 for the week ending on December...