The influence of a new mortgage stress test has been determined The latest mortgage rule changes have led to a supply and demand imbalance almost all over Canada. As a result, we may see the number of new jobs dropping by 200,000 during the...

OECD worries about Canada’s housing market affecting national economy Today, the Canadian macroeconomic situation can boast of numerous positive results, e.g. low unemployment rate, inflation within the target limits, strong growth forecasts etc. However, the OECD names two problematic issues in Canada, and the real...

Why is Canada’s real estate market warming up again? In June, home sales in Canada were up by 4.1%, marking the second month of increases in a row and providing another proof that the previous activity decline may be...

How did four rate hikes affect Canadian consumers? In spite of all the worries and forecasts, the Canadian consumers haven’t been affected by four rate hikes from the central bank that much. Most of them avoided higher mortgage payments, others postponed the purchase, and many...

Most older Canadians prefer staying in their existing homes during retirement A new survey by IPSOS shows that 93% Canadians aged 65+ want to stay in their current homes during retirement. As a result, we can see inquiries about no payment mortgages doubling from 2016 to...