RBC Economics noted that the central bank’s strategy for 2022, including possible rate increases, will show how well the Bank of Canada copes with pandemic risks. The recent record-high COVID-19 cases caused by the contagious Omicron variant forced certain jurisdictions to re-introduce containment measures....

Last month, Canada’s job market exceeded forecasts showing a strong end to a record year for employment growth. According to Statistics Canada, employment was up by 54,700 in December, which is more than double the 25,000 increase economists were expecting in a Bloomberg poll....

Last year was extremely successful for Toronto’s real estate market. According to the latest report by the Toronto Regional Real Estate Board (TRREB), home sales in the GTA reached a record high level of 121,712 in 2021, exceeding the previous record of 113,040 sales seen...

A new report calls for introducing an annual progressive surtax on properties that cost $1 million or more in order to solve the issue of sharply growing real estate prices in Canada. According to the report by Generation Squeeze, which was backed by the Canada...

In spite of the worries over red-hot activity, according to a recent report by Oxford Economics, Canadian housing crash is quite unlikely, unless we face a sharp mortgage rates increase or a significant tightening of housing policy. The report co-authors Tony Stillo and Michael Davenport...