The Canadian federal government has announced major updates to mortgage regulations to enhance housing affordability nationwide. These changes, effective December 15, 2024, are […]
January jobs report dispells recession fears The StatsCanada Labour Force Survey for January was a mixed bag and shows the dramatic effect of […]
StatsCanada earlier this month reported that consumer price inflation rose to 5.1% from year-ago levels in January, compared to 4.8% in December. This […]
On August 18, 2021, Stats Canada released data showing that the July Consumer Price Index (CPI) surged to a 3.7% year-over-year pace, well […]
New home prices are climbing higher alongside those of existing residential properties, yet another indication of the kind of frenzied activity that has […]
A Royal LePage survey of Canadian home buying intent of people aged 25 to 35 shows a quarter bought during the pandemic. The […]
Effective July 1, 2020, Canada Mortgage and Housing Corporation (CMHC) is changing its underwriting guidelines for insured mortgages. The changes will apply for […]
Two months into the mortgage deferral program, the six major Canadian banks are seeing the pace of mortgage-deferral requests easing up. The program […]
Effective April 6, 2020, the federal government will change the stress test rate for insured mortgages. The change will loosen the barrier to […]
The World Health Organization’s (WHO) decision to declare the novel coronavirus, also known as COVID-19, an international public health emergency could have serious […]