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There have never been so many renters in Canada, RBC report says

12/7/2022 | Posted in Rental Market by Paul DeAdder

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Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in ... More


Forecasters split on how high Bank of Canada will push next rate hike

12/4/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank.

... More


Average rent is nearly 12% higher compared to last year

11/22/2022 | Posted in Rental Market by Paul DeAdder

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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October.

... More


Canadian home sales edge up from September to October

11/15/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022.

... More


BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank ... More


Here's how a recession could affect your work, housing and expenses

10/14/2022 | Posted in Canada Living by Paul DeAdder

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Many economists say a mild recession is on the cards as they look ahead to 2023.

... More


Canadian home sales soften again from August to September

10/14/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022.

... More


More Canadians living paycheque to paycheque with growing debt

9/30/2022 | Posted in Canada Living by Paul DeAdder

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Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt

... More


Renting is growing twice as fast as home ownership, census reveals

9/22/2022 | Posted in Canadian Housing Market by Paul DeAdder

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10 million households own their home, while 5 million rent. But the gap is narrowing.

... More


Demographics a powerful counterforce in Canada's housing market correction

8/19/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Immigration and shrinking household size will support Canada’s property market through the current correction according to a new report from RBC Economics.

... More


CMHC reports annual pace of housing starts up 1.1 per cent in July

8/16/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts.

... More


Experts: BoC rate hikes to go full steam ahead despite economic malaise

8/9/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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A massive rate jump at the central bank’s meeting next month is a near certainty, economists say

... More


Housing crisis in Canada - six suggested solutions

8/8/2022 | Posted in Canadian Economy and Housing Market by Paul DeAdder

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Expand the Bank of Canada mandate, for starters

... More


CMHC revises down home price forecast over next two years to adjust for interest rate spike

7/12/2022 | Posted in Canadian Housing Market Predictions by Paul DeAdder

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CMHC revises down home price forecast over next two years to adjust for interest rate spike.

... More


Extending mortgage period could keep payments in check even as rates rise

6/17/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so ... More


Canadian home sales slow again in May

6/15/2022 | Posted in Canadian Housing Market by Paul DeAdder

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022.

... More


Bond yields soar higher, fixed mortgage rates expected to follow

6/14/2022 | Posted in Interest Rates by Paul DeAdder

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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.

... More


Key household debt-to-income ratio down in Q1 as income rises faster than debt

6/14/2022 | Posted in Canadian Economy and Housing Market by Paul DeAdder

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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes ... More


It's official - Canada's economy is in a recession, C.D. Howe says

5/3/2020 | Posted in Canada Living by Paul DeAdder

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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

... More


Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More


Hello Spring

3/19/2020 | Posted in Community by Paul DeAdder

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Happy First Day of Spring Everyone!

... More


Canada's COVID-19 Economic Response Plan: Support for Canadians and Businesses

3/18/2020 | Posted in Canada Living by Paul DeAdder

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The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

... More


Canada to close borders to most foreign nationals, except Americans

3/16/2020 | Posted in Canada Living by Paul DeAdder

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Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ... More


How much does the average Canadian family earn?

2/27/2020 | Posted in Canada Living by Paul DeAdder

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In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400.

... More


Rents in major cities spike

2/13/2020 | Posted in Rental Market by Paul DeAdder

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The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.

... More


No recession in 2020 says Conference Board of Canada

12/18/2019 | Posted in Canada Living by Paul DeAdder

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There will be growth for the Canadian economy in the next two years as the country avoids recession.

... More


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