Canada shows the lowest economic growth in four years During the first quarter of this year, the Canadian economy showed an annualized growth pace of only 0.4%, marking the lowest quarter result since 2015. The revised GDP growth reached only 0.3% in the first three months...

B-20 will cost the construction sector about $8 billion The recent report says B-20 will lead to a $8 billion decline in the sector of new low-rise construction in 2019. According to a Mortgage Professionals Canada, the investments in new home construction were down by 8%...

Bank of Canada keeps the overnight rate unchanged Today, the Bank of Canada kept its key lending rate at 1.75% again, saying the latest economic slowdown is only temporary. The BoC decided not to change the overnight rate, pointing to signs of the economic slowdown, seen...

Should we expect a rate hike before the federal election? It looks like the central bank’s Governor Stephen Poloz will hardly change the key lending rate tomorrow, and the pause may be prolonged until the future elections in October. According to 25 analysts polled by Bloomberg,...

York Region felt the strongest impact of the Fair Housing Plan The strongest influence of the Fair Housing Plan, implemented by the Ontario government in 2017, was reported north of Toronto. The recent Zoocasa study shows that York Region faced the largest prices decline. The Fair...