The federal government has announced that first-time homebuyers purchasing newly constructed homes and condos will be allowed a 30-year amortization period on insured mortgages (price up to $1 million and less than 20% down payment). Finance Minister Chrystia Freeland said in Toronto on Thursday...

The Bank of Canada kept rates unchanged for a sixth straight meeting and officials signaled they were moving closer to cutting rates but still needed more evidence of a slowdown in inflation. The Bank’s management, led by Tiff Macklem, on Wednesday left the benchmark...

The Toronto Regional Real Estate Board (TRREB) says home sales in the Greater Toronto Area were down 4.5 per cent in March compared to last year, but competition among buyers was strong enough to cause average prices to increase modestly compared to last year....

Canada’s economy grew more than expected in January, expanding by 0.6%, highlighting its continued and surprising resilience. New preliminary data released by Statistics Canada also showed that GDP likely increased 0.4% in February, meaning the first two months of the year marked the economy’s...

The Bank of Canada kept rates unchanged for the fourth straight meeting and for the first time said it would not have to raise rates again if the economy progresses as it forecasts. Central bank policymakers led by Tiff Macklem left the benchmark overnight...