How to renew your mortgage at better terms? CIBC says about 47% of all current mortgages will face refinancing in 2018. Meanwhile, as a rule, this number varies within the limits of 25%-35%. Such an increase may be caused by the unintended results of the...

CMHC’s net income from mortgage insurance reached $1.8 billion In 2017, CMHC showed significant growth switching to more flexible ways of operating. According to its report, the corporation made a net income of $1.8 billion on its mortgage loan insurance and securitization last year. The...

Housing prices are flattening in Toronto, although annual comparison shows a sharp decrease Real estate numbers in Toronto area still look quite weak compared to the previous year, however, there are certain signs of steadying. Last month, the average home or condo price went down by...

How much money do Canadians owe? A total debt amount Canadian borrowers have today reached $2-trillion. Such a number can have a significant impact on the central bank’s decision on when to raise its key lending rate next time, said the governor Stephen Poloz on...

Canada’s GDP was up by 0.4% in February In February, Canadian GDP went up by 0.4% with 15 out of 20 segments reporting gains. The largest increase was seen in oil and gas sector. According to Statistics Canada, mining, quarrying and oil and gas extraction...