The latest report by TD Bank says the average real estate prices may go down by as much as 20-25% by the first quarter of 2023 in Canada compared to the peak numbers we’ve seen at the beginning of this year. Such a drop...

The recent data from the Office of the Superintendent of Financial Institutions says home equity line of credit (HELOC) outstanding balances rose by 0.6% in June compared to May and by 2.9% from a year ago, reaching $171.1 billion. “It is the largest annual...

On Friday, U.S. Federal Reserve Chair Jerome Powell pointed out that the central bank hasn’t finished its rate-increase cycle and it will not hurry to reduce rates after that. In a recent speech, Powell noted that “U.S. will probably need restrictive policy for some time”...

According to RBC, interest rate increases may cause higher monthly payments for about 80,000 variable-rate mortgage holders. The average hike could be about C$200 ($150). The bank thinks most borrowers will be able to handle it and most of its variable-rate mortgage clients will...

The recent poll by Royal LePage shows that Canadian millennials are quite optimistic about homeownership, as 6 out of 10 believe they will afford their own home sometime in the future. The survey of 2,003 Canadians aged 26 to 41 says 68% of non-homeowners consider...