Generation Z is already thinking about becoming homeowners As millennials have already shown their intentions to buy their own homes, even despite weaker affordability level, the next generation is already thinking about becoming homeowners. According to the recent poll from RE/MAX, older members of Generation Z...

Canada’s economy reported lower than expected growth in Q2 While the Canadian gross domestic product was almost flat in June, it went up by 2.9% in the second quarter, which is still slightly lower than expected. According to Statistics Canada, exports showed the largest hike in 4...

Homeowners in Vancouver and Toronto would also like real estate prices to go down A recent poll shows that even homeowners in two of Canada's hottest real estate markets believe housing is too unaffordable and prices need to go down. The Angus Reid Institute's "Pain Index" provides survey results...

How will NAFTA negotiations affect the central bank’s decision on raising rates? Bank of Canada governor Stephen Poloz still aims at raising rates this year, as the U.S. keeps tightening its monetary policy. However, it all will depend on the future economic performance and the...

Canadian mortgage borrowers improve their credit scores Based on the recent Equifax data, the Canada Mortgage and Housing Corporation’s report shows that the average credit score of Canadian home owners has improved across the country. The average credit score of borrowers in almost all main markets...