News

Bank of Canada is ready for more rate hikes in case inflation stays above 2%

According to Governor Tiff Macklem, the Bank of Canada is ready to act again if stress in the global banking system influences Canada. However, he says it will not stop its fight against inflation and it works to reduce inflation back to the target...
Read more

April 2023 – Toronto housing sales go up by 27%, as the market keeps recovering

Last month, the recovery in Toronto’s real estate market gained pace, with home sales and prices going up for the third month in a row amid a lack of supply and growing competition among buyers. According to the Toronto Regional Real Estate Board (TRREB), the home...
Read more

Cost of living for Toronto homeowners skyrocketed by almost 60% in a year

A new study has been conducted focusing on the cost of living in Canada’s largest city. Based on the mortgage calculations, it looks like the costs for homeowners have risen by 58% in just one year. As the average home price in Toronto home is $1,108,606,...
Read more

Generation X dominates the cottages market amid $1-trillion wealth inheritance from baby boomers

The latest report by Re/Max Canada shows that Generation X is driving Canada’s recreational real estate market. Members of Gen X, aged 43-58, are dominating the country and accounting for 91% of transactions, Re/Max says. It’s much more than during previous years when the market was...
Read more

Canada’s economy “hit a wall” in March. Will this be enough for the Bank of Canada to think about lowering the rate?

Although the Canadian economy showed a modest increase in February despite high interest rates, according to one economist, there are already signs of a slowdown. “The numbers suggest that the national economy still has a certain momentum, but it might be fading away,” –...
Read more
Load more
Apply
Now