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TRREB says homebuyers return to the Toronto market amid a new phase of prices growth

According to Toronto Regional Real Estate Board (TRREB), in March competition between buyers began to appear again as the average home price exceeded the average list price slightly for the first time since last May. TRREB’s report says the average home price reached $1,108,606...
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Poll shows businesses expect weaker economic performance before the next rate decision

The latest survey by the Bank of Canada shows a negative outlook for Canadian businesses for the first time since 2020. Consumer expectations for inflation are slightly weaker but still elevated. The first quarterly reports since the BoC announced a pause in its rate...
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Almost half of Canadians worry about future mortgage qualification for renewal or purchase

The recent poll by BNN Bloomberg and RATESDOTCA shows that Canadians who are renewing their mortgage or buying a property are often concerned about their ability to qualify and that’s why are looking for alternatives to traditional lenders. Almost half (47%) of respondents worry...
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Canadian economy reports unexpectedly strong results even amid sharp rate increases

Canadian economy continued to grow at the beginning of 2023 despite all the forecasts of a stall and future technical recession amid the highest interest rates in 15 years. According to the preliminary data from Statistics Canada, GDP rose by 0.3% last month with...
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Economists say the federal budget doesn’t include enough measures for improving housing affordability

According to real estate experts, a new mortgage code of conduct announced in the federal budget is good news for Canadians dealing with financial difficulties. However, they believe the economic plan doesn’t have enough housing affordability measures. The code of conduct introduced on Tuesday...
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