Economists don’t expect a rate hike on Wednesday Although most economists believe the central bank will keep its key lending rate unchanged at 1.75% on Wednesday, some of them don’t rule out the possibility of a cut in the nearest future. “In case we look at...

Housing affordability showed improvements in Q1 A new report by RBC says Canada improved housing affordability in Q1 of this year for the second quarter in a row. Higher household income drove the affordability, while modest prices were down in Atlantic and Western Canada. According...

Financial difficulties the Canadians are facing The recent report by Statistics Canada says many Canadian households were late with their debt payment or missed it in 2016. According to the agency’s Survey of Financial Security, 11% with some kind of debt reported missing or being late...

Canada shows a 0.3% economic growth in April  In April, Canada's GDP was up by 0.3%, following a 0.5% hike seen in March, Statistics Canada says. The main driver of the increase was a 0.5% hike  in oil and gas extraction, as output rose after production...

Attempts to estimate immigration's influence on home prices continue As you know, real estate markets react to demand supported by buyers. Higher population or stronger purchasing power of consumers will probably increase the pressure on home prices and rents. But how can we determine the...