Canadian seniors will face a housing affordability crisis Another group of Canadians will face significant challenges with home affordability. This time seniors join young Canadians and others who struggle with extremely high rents and housing prices. The affordability crisis is...

Canada lost 1,100 jobs in April, but unemployment rate remained unchanged Last month, the Canadian job market remained generally unchanged, as the economy lost 1,100 jobs, but the jobless rate remained at 5.8%, which is the lowest level in 40 years. According to Statistics Canada, goods-producing...

Luxury home sales are falling, but prices remain high A lack of supply and strong demand coming from downsizers may push luxury condo prices in Toronto by as much as 10% next year. Meanwhile, high-end house prices are not expected to follow the lead, says...

What is the “perfect” age for becoming a homeowner? The latest survey shows that most Canadians believe it’s better to become a homeowner before 40 years old, but providing a down payment is the main difficulty. According to the 2018 Zoocasa Housing Trends Report, 65% of...

Another mortgage rate hike from Canadian largest banks Scotiabank has followed other Big Five Canadian banks and also raised its posted fixed mortgage rate. On Tuesday, Canada’s third largest bank decided to raise the benchmark rate for a five-year fixed mortgage from 5.14% to 5.34%. Other...