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A record-high number of Canadians don’t believe they will have their own home someday

The latest poll by Mortgage Professionals Canada shows that amid high real estate prices and interest rates growth, a record number of Canadians don’t believe they will be able to buy their own home someday. Almost a third of respondents share this opinion. “The sharp...
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No rate hikes expected from the Bank of Canada on Wednesday

It’s been almost a year since the Bank of Canada started one of its most aggressive rate-increase cycles.  However, it seems like the hike marathon may be over on Wednesday, as the central bank is expected to keep its key lending rate unchanged for the...
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February saw the first monthly home prices increase in Toronto since last August

The Toronto Regional Real Estate Board (TRREB) released its new report, stating that Toronto’s home price index was up by 1.1% in February compared to January, but kept falling on a year-over-year basis. Home sales were also restrained. The home price index (HP) was...
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Vancouver real estate sales reported a monthly increase in February

The latest report by the Real Estate Board of Greater Vancouver (REBGV) shows that February home sales were up by almost 77% from January, while they were still 47.2% down on a year-over-year basis. Vancouver saw 1,808 sales last month, which is much higher...
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Canadians are piling more credit because of financial challenges

The latest report for the fourth quarter of 2022 by TransUnion shows that Canadians are piling more credit as a result of financial pressures and economic uncertainties they are facing right now, as they are increasingly struggling to make their payments on time. The...
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