Housing affordability is improving in Canada Although it’s really too soon to say housing has become affordable in Canada, the new data shows we’re heading in the right direction and at a good pace. According to the National Bank of Canada, in the second quarter of...

Economists don’t expect rate changes until the end of 2020 The recent Bloomberg poll shows that most economists don’t expect the central bank Governor Stephen Poloz to change the key lending rate for another year or even longer. Despite the latest concerns over an impending global...

Canadian banks are blamed for creating oligopoly A new book The GTA Affordable Home Ownership Crisis by R. Scott Davie points to B-20 rules as a horrible example of Canadians suffering from the impact of limited competition, caused by the Office of the Superintendent of...

Canadian consumer confidence improves supported by real estate market recovery Rebounding activity at the national real estate market supports consumer optimism. According to Bloomberg, Canadian Confidence Index (based on weekly phone surveys of households) went up from 58.3 at the end of June to 58.6 last...

Housing prices in Toronto are rising, while Vancouver shows a decline In July, the Greater Toronto Area's home price index rose by 4.4% due to tighter supply and an annual sales increase by 24.3%, says the Toronto Real Estate Board (TREB). The average selling price in...