More and more lenders warn about coming hikes in their fixed mortgage rates. Such changes are emerging amid the strengthening Canadian dollar and the latest increase in bonds benchmark yield. On Wednesday, the Canadian dollar went up against its U.S. counterpart as risk appetite rose...

The latest report by RBC says the correction (prices decline) in Canada’s housing market may be already behind following a year of slowdown with prices falling by almost 18% in Toronto. The spring became a turning point for the national real estate market with...

As Canada showed higher-than-expected inflation last month, some experts believe the return to interest rate increases by the central bank may be still possible. According to Statistics Canada, inflation saw an annual increase of 4.4% in April outpacing the 4.1% hike forecasted by economists...

Last month, housing sales in Canada rose by 11.3% from March as activity in the real estate market kept going up. According to the Canadian Real Estate Association (CREA), there were 38,164 units sold in April on a seasonally adjusted basis, although the supply...

First Home Savings Account (FHSA) was introduced on April 1 for people aged 18+. Right now, we can see many banks offering this product. FHSA’s lifetime contribution limit is only $40,000 and the annual maximum is $8,000, so FHSAs are definitely not enough for...