The Teranet National Bank composite price index shows that real estate prices in Canada saw the biggest increase in 12 months, with all 11 housing markets reporting gains. According to the recent report, the index rose by 16% compared to June 2020, outpacing the...

The recent report by Equifax Canada shows that hot real estate market has led to a 41.2% year-over-year rise in new mortgages in the first quarter of 2021. In addition to it, the average mortgage amount was up by 20.5% to $326,903. “Low interest...

A recent report by the Canadian Real Estate Association (CREA) shows that home prices fell for the third month in a row, following their March peak. Although the average national real estate price reached $679,051, marking almost a 26% annual gain, it was still...

On Wednesday, the Bank of Canada kept its key lending rate unchanged at 0.25%, but reduced its bond purchases amount once again. Such a decision points to the Bank’s optimism concerning the pace of economic recovery. Governor Tiff Macklem cut the BoC’s weekly purchases...

The central bank will hold its rate meeting on Wednesday, and many expect it to keep reducing its economic stimulus due to growing optimism on the pace of recovery. According to a poll of 17 economists, the Bank of Canada will cut its weekly...