In January, Canadian consumer price pressures eased slightly, which means the central bank may keep its key lending rate unchanged in March even amid a strong job market report. This slowdown suggests policymakers have increased interest rates high enough in order to restrain price...

Although real estate prices may have declined in Toronto recently, one still needs to show a larger income now to make a purchase than a year ago. The main reason is the painful mortgage stress test. Let’s look at the hypothetical example. We’ll take...

This week, National Bank released its new Outlook 2023: How Bad Will it Be? Although the title is obviously grim, economists still believe we’ll have a soft landing by the middle of 2023. Interest rate is expected to remain at 4.50% during the first half...

According to the Canadian Real Estate Association (CREA), January home sales reached the lowest level in 14 years amid the ongoing slowdown in the national real estate market. Sales were down by 37.1% annually, following a 3% drop in December. CREA’s report says the...

The latest report by Desjardins Securities suggests that Canada needs to increase home building volumes by 50%, otherwise it will not keep up with the current and expected immigration levels. This year, 210,000 housing starts are expected, but the report says almost 100,000 additional...