Canada’s real estate market starts stabilizing According to separate reports, housing prices were up in June from May, exceeding slightly the highest level of 2017. Meanwhile, new home prices remained unchanged in May once again. It means the real estate market may be stabilizing. The Teranet-National...

Canadian banks raised their prime rate to 3.7% after the central bank’s announcement Canada's Big Six banks decided to raise their prime rates following the BoC overnight rate increase. On Thursday, Royal Bank, TD Canada Trust, BMO, Scotiabank, CIBC and National Bank announced their prime rates went up from...

Although the Bank of Canada raised its key lending rate, it’s a good idea to opt for a variable rate mortgage?! Just like most experts predicted, the central bank decided to raise its benchmark rate, marking the fourth increase since the last July. As a...

Royal LePage expects housing prices increase in the third quarter According to the recent report by Royal LePage, real estate prices will go up in the third quarter, following quite a weak spring, even despite the current economic uncertainty. The report expects an average home price...

Possible rate increase scares 28% of Canadians in terms of bankruptcy There only two days left before the central bank’s next rate meeting, and most specialists expect an increase this time. Meanwhile, according to one of the top bankruptcy firms, a huge number of...