Canada’s economy reported smaller than expected decline during a spring wave of COVID-19 cases, following its path of strong performance. According to Statistics Canada, GDP went down by 0.3% in April with the same drop seen in May. Meanwhile, economists had been predicting a...

According to CIBC Deputy Chief Economist Benjamin Tal, Bank of Canada needs to take a slow and cautious approach to interest rate increases, otherwise it will damage Canadian mortgage holders. According to him, delicate touch is necessary for making sure the pace of interest...

Most of the recent 10-years period, it looked like everything a homeowner needed to do in order to sell the property was to list it for sale, and a crowd of potential buyers would appear at the door. It’s true, the so-called “seller’s market”...

Initially, the federal government’s First-Time Home Buyer Incentive (FTHBI) was created to provide a homeownership option for those who can’t get financial help for their mortgage down payment from parents. However, according to iPolitics, first-time buyers have been mostly avoiding the equity-sharing program that...

While some regions of Canada face extremely high real estate prices, historically low interest rates are helping borrowers pay off their mortgages faster than they ever could. According to Edge Realty Analytics, on average, 61% of a new homebuyer’s first mortgage payment goes towards...