Good news: Inflation Rises
In a sign that the economic tide is turning, Canada’s inflation rate moved higher in June. Statistics Canada puts the annual inflation rate at 0.7% for the [...]
Residential Market Commentary – Glimpses of optimism
Things are looking up, a little, as Canadians navigate through the COVID-19 pandemic. The latest measure of confidence delivered by Bloomberg and Nanos Research suggests Canadian consumers [...]
National Bank of Canada Weekly Economic Watch
Housing starts rose from 166.5K in April to 193.5K in May (seasonally adjusted and annualized). Urban starts improved 22K to 181.1K on increases in both the multi-unit [...]
CMHC takes a bite out of purchasing power
While forecasting a collapse in house prices of as much as 19% over the next 12 months, Canada Mortgage and Housing Corporation is tightening the rules for [...]
New Housing Measures Announced
April 20th Premier Kathleen Wynne announced a comprehensive package of housing reforms, ahead of the provincial budget aimed at cooling the GTA housing market. The release can [...]
Is now the right time to buy?
Like many Canadians you're probably wondering if now is the right time to buy? However, thanks to the corrective measures taken by the government, estate prices seem to [...]