Last month, Canada reported a slightly slower inflation growth, but, according to one experienced Bay Street economist, the recent data will force the Bank of Canada to follow its rate-cycle path. “There is nothing that will push the central bank out of its aggressive...

It looks like Canada’s housing market correction is intensifying, as home prices have been going down for the fourth consecutive month already amid the central bank’s interest rate hikes. The recent report by the Canadian Real Estate Association (CREA) shows the benchmark home prices...

Canada’s inverted yield curve we’re facing right now means the central bank may bring more interest rate increases and cause a recession. In this case, the Bank of Canada will be in a difficult position as it tries to restrain the inflation and provide...

According to Desjardins, the average home price in Canada will fall by almost 25% by the end of 2023 compared to its February peak. In its recent outlook, Desjardins predicts a sharp correction in the real estate market, changing its previous forecast of a 15% decline. Desjardins explains that...

Home prices in Toronto and the Greater Toronto Area (GTA) have been falling since its February’s peak. According to the Toronto Regional Real Estate Board (TRREB), in February, an average GTA home price for all real estate types reached $1,334,544. TRREB’s July report says the...