Falling housing prices in Canada’s hottest markets have been one of the most important trends this year, and the end of 2022 doesn’t seem to show strong signs of slowing down, with national prices continuing to decline in November. Teranet-National Bank’s National Composite House...

According to the latest report by Statistics Canada, the national economy grew slightly in October as the real gross domestic product exceeded its expectations. Canada’s economy was up by 0.1%, while no changes were expected for the month. The report says growth in services-producing...

Canada Mortgage Housing Corporation (CMHC) implements new rules that will be used for the introduction of the “Prohibition on the Purchase of Residential Property by Non-Canadians Act,” which starts on January 1 and will last for two years. Under this Act, non-Canadian citizens, non-permanent...

The latest report by Statistics Canada says the inflation rate slowed down slightly in November. However, the key measures of underlying price pressures continued to grow, potentially reducing hopes for a pause in the interest-rate hikes cycle. The consumer price index (CPI) went up by...

Too high real estate prices and growing interest rates during this year have made it even more difficult for potential homebuyers to qualify for an average mortgage. The RBC’s affordability measure has reached its worst level on record. The bank’s third-quarter report shows that...