The recent report by Canada Mortgage and Housing Corporation (CMHC) says the pace of Canadian housing starts slowed by 11% to 267,055 units last month, offsetting the September hike of 298,811 units. The largest drop by 47% was seen in Toronto. According to CMHC,...

The latest report by Statistics Canada says mortgage interest costs showed the largest increase in almost 30 years last month. In October, the mortgage interest costs were up by 11.4 % annually – last time Canada saw a larger hike was in February 1991...

In October, real estate prices in Canada kept falling for the 8th month in a row, as buyers and sellers were trying to adjust to higher interest rates conditions. According to the Canadian Real Estate Association (CREA), the benchmark home price was down by...

Since the beginning of 2022, industry experts have been expecting a decrease in Toronto real estate prices. And it really happened. The average home price in Toronto went down from February to July by 19.5%. Nevertheless, such a decline was not as sharp as...

According to the Bank of Canada governor Tiff Macklem, Canada’s low unemployment rate is actually not sustainable. Moreover, it contributes to a record-high inflation. During his speech before students and researchers at Toronto Metropolitan University on Thursday, the governor noted that the national job...