Canadian consumer confidence fell to almost record low level once again restrained by stronger worries over the global economy. The Bloomberg Nanos Canadian Confidence Index, showing the sentiment based on weekly surveys, was down for the fifth consecutive week to one of the lowest...

In July, Canada’s economic activity was slightly stronger than expected. However, it was still weak during the summer pointing to the fact that growth is slowing significantly. According to Statistics Canada, gross domestic product was up by 0.1% in July, exceeding the forecasts of...

According to an assistant chief economist at RBC Economics Robert Hogue, home purchase in Canada is the least affordable right now than ever, as growing interest rates are raising ownership costs to record-high levels.  “The central bank’s rate increasing campaign since March has raised...

According to a new report by Re/Max Canada, the national average real estate price will go down by 2.2% during the last months of 2022. The report says the moderation in the market expected for the September-to-December period is caused by growing interest rates, record inflation...

According to the new report, a Canadian home price index showed the strongest decline in its history last month, as growing borrowing rates slowed down the national real estate market. The Teranet–National Bank National Composite House Price Index was down by 2.4% from July...