According to the Canadian Real Estate Association (CREA), an average housing prices showed an annual increase by 14%, strengthening worries over the country’s most expensive markets. CREA says the average price of a property sold over MLS system reached $686,650, marking almost a 14%...

More and more banks, including RBC, BMO and National Bank of Canada, have been increasing their fixed interest rates during the previous week, following bond yields growth. BMO raised its insured 5-year fixed rate by 0.20% to 2.19%. The uninsured 5-year fixed went up...

The recent report by RBC Economics shows that Canada faced the largest decrease in housing affordability in about 30 years. RBC’s aggregate affordability measure rose by 2.7 points to 45.3% during the second quarter, marking the fourth quarterly gain in a row and offsetting...

The holiday of Thanksgiving has been celebrated in Canada 1957. Traditionally, it’s held on the second Monday of October and represents the possibility to give thanks for the great harvest and many other good things that have happened during the year. Thanksgiving Day is...

Last month, the national economy has recovered about three million jobs that were lost because of the COVID-19 pandemic. According to Statistics Canada, in September, Canada created 157,100 new jobs, bringing the labor market back to its pre-pandemic levels. Meanwhile, economists polled by Bloomberg,...