Jobless rate fell to its 40-year low level in November A large number of new jobs in November pushed Canada’s unemployment rate down to its lowest level since Statistics Canada started reporting it about 40 years ago. However, there were also a certain disappointment. Last month,...

Certain Toronto areas show higher competition at the real estate market Last month, Toronto housing market kept showing a modest price growth and a drop in sales. At the same time, certain markets reported an increase in competition in some of their segments, says the Toronto...

Bank of Canada decides not to raise its key rate this time Today, the central bank kept its key lending rate unchanged at 1.75%, still assessing the influence of its previous policy changes and a sharp prices decline for oil. Last time, the Bank of Canada...

CIBC says rate increases may change their pace due to oil production cuts On Wednesday, the central bank will announce its next rate decision, and many don’t expect a pre-holiday increase surprise. But although a pause in hikes is predicted, a switch from the Bank’s...

What challenges are waiting for the GTA housing market next year? Although this year, the GTA real estate market has already faced numerous challenges, the next one may bring new difficulties to deal with. At the beginning of 2018, the market was hit by a new...