February shows the strongest construction activity since 1948 In February, Toronto developers showed one of the most active months in history, proving that condo market remains strong even amid a national slowdown. There were 5,677 new housing starts last month, and most of them were multiple-unit...

Bank of Canada stands pat as expected As widely expected, Bank of Canada holds rates at 1.25%. Prime rate at which commercial banks calculate their variable rate mortgages and credit lines remains unchanged at 3.45%

Real estate prices in Toronto fell by about 12% last month Housing prices at resale market in the Toronto region were down by 12.4% (almost $110,000) in February from a year ago. According to the Toronto Real Estate Board (TREB), the average cost fell from $875,983...

Vancouver affected by new mortgage rules and taxes The recent report shows that real estate sales in Vancouver were about 14% lower than the 10-year average last month, as homebuyers faced stricter mortgage requirements and rate hikes. According to the Real Estate Board of Greater Vancouver,...

Despite average forecasts, BlackRock expects only one more rate increase this year According to the world’s largest money manager, the central bank will raise its key lending rate only one more time in 2018, if it happens at all. Although all 21 analysts polled by Bloomberg...