After a hike in bond yields seen last week, Canadian banks keep raising their fixed mortgage rates. RBC, TD and BMO raised their 5-year fixed rates by 0.20-0.25% to 4.39%. Such a decision follows an almost 0.10% increase in the Government of Canada 5-year...

The national labor market slowed down even as the unemployment rate reached a new record low level, pushed by a lack of new employees. According to Statistics Canada, the economy added 15,300 jobs last month, while economists expected 40,000 new positions. Such a small...

It looks like the influence of higher borrowing rates is making its way into Canada’s largest real estate market. According to the recent report by the Toronto Regional Real Estate Board (TRREB), 8,008 homes were sold last month, which is far below the 13,613...

The recent results show that Canada’s economy continued its streak of monthly increases, with preliminary data pointing to growth exceeding previous forecasts for the first quarter. This news will definitely intensify the Bank of Canada’s plans for aggressive rate increases cycle. In March, gross...

We’ve already got used to the fact that appraisal valuations don’t seem to fall short over the previous years. On the contrary, they tend to reflect the purchase price or even exceed it, supported by the pandemic-caused madness over housing. However, since February, we...