February 2018 – condo prices in the GTA keep growing Last month, the average cost of a new condo apartment in the GTA reached $729,735. In other words, the prices for various condominiums, stacked townhouses and lofts went up by 39.5% annually. Pointing to Altus Group’s report,...

Canadian currency goes up as inflation shows a sharp increase On Friday, the Canadian dollar went up to its highest level in 11 days, pushed by oil prices increase and a higher-than-expected inflation. Such changes raise the possibility of another rate hike by the central...

TREB says housing policy changes affect the entire economy This week, the Toronto Real Estate Board (TREB) held the first Regional Economic Summit in Durham. The main message from it was that housing policies affect not only the real estate market, but the entire economy...

Scotiabank CEO doesn’t think we should worry about Canada's debt levels It turns out that Scotiabank's chief executive doesn’t agree with the latest worries about Canada's high debt levels coming from the International Monetary Fund. Brian Porter says he’s quite comfortable with the bank’s risk...

Banking sales culture may be not supporting consumers’ interests According to the Financial Consumer Agency of Canada (FCAC), there are not enough controls over the country's biggest banks for preventing sales of financial products which are unsuitable for consumers. Moreover, the banks' sales-oriented culture increases...