According to a National Bank Economist Warren Lovely, the central bank is cornered right now a day before its monetary policy decision on Wednesday, as the real estate markets across the country are facing the affordability issue. “Canada’s economic model relies on the housing...

According to the latest TRREB report, only 8,596 houses changed hands in August which is 19.9% lower than last year. Listing dropped by a whopping 43%. Average price in GTA is now $1,070,911 – 12.5% higher than year ago. Despite numerous promises from party...

Canadian recovery hit the wall in the second quarter, raising new questions about resilience of the economy. As per Statistics Canada latest report, GDP suddenly dropped in spring-summer by 1.1%. Economists expected growth of 2.5%. Moreover, early July prediction shows drop by 0.4% as...

Today, most potential homebuyers in Canada are facing too many strong challenges. The main issues are the following: low supply, high demand, elevated home prices. Many first-time buyers have difficulties with providing a necessary mortgage down payment, receiving stable income to cover the ongoing...

On Thursday, the Conservative Leader Erin O’Toole addressed the issue, many Canadians are facing – the challenges of purchasing a home. He promised, that if elected a Conservative government will provide all Canadians with a possibility to build the life they are dreaming about....