Canadian home prices forecast to drop 10% in pandemic fallout

Canadian home prices forecast to drop 10% in pandemic fallout

Average Canadian home prices are projected to fall 10 percent from their pre-pandemic levels as high unemployment, rent declines and mortgage payment struggles caused by COVID-19?s economic impacts take their toll. The forecast from Capital Economics? Senior Canada...
How real estate is boosting Canada’s economy

How real estate is boosting Canada’s economy

Canada’s housing market continued to make a material impact on the nation’s economy, according to Statistics Canada. Over the last quarter of 2019, real estate, rental, and leasing segment reported a 0.6% growth, contributing $253.87bn to the overall...
Toronto home sales see February rebound after 2019?s 10-year low

Toronto home sales see February rebound after 2019?s 10-year low

It?s promising to be a super-charged winter and spring homebuying season for Toronto, as buyer demand continues to rise, pulling prices up along with it. The Toronto Region Real Estate Board (TRREB) released its robust February sales and pricing data this Wednesday....
Canadian interest rates may start dropping again in April: RBC

Canadian interest rates may start dropping again in April: RBC

The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development ? or lack thereof ? did not come as a surprise to economists who pay close attention to the central bank?s moves. It was,...

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