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Economy

Top 10 Canadian Cities to Live

9 May, 2018 / by

We know that time changes just about everything, which is why we decided it’s time for us to update our list of best places to live in Canada. If you’re thinking about where to live in Canada, you may be considering a variety of factors ranging from the proximity of amenities to the health of th...

The 10 Worst Places To Live In Canada: Your 2018 Guide

14 April, 2018 / by

In 2012, we wrote a series of articles about the worst cities to live in Canada. We looked at a variety of factors, such as the real estate market, the amount of crime, the amount of health care available, and what incomes are like in any particular area. The cities on this list were included fo...

Canada’s Economy Showing Signs of Life

16 January, 2017 / by marketing

An improving jobs market, higher oil prices and stronger exports all suggest the Canadian economy is on the gradual road to recovery. Canada’s economy sprung to life during the holidays, as exports rose and employment surged unexpectedly. Meanwhile, a measure of manufacturing conditions also im...

Canada’s Economy Shows Progress as Housing Market Awaits Fallout from New Mortgage Rules

14 November, 2016 / by marketing

Canada’s economy created 43,900 jobs in October, marking the first back-to-back gains in employment in over a year. On the housing front, real estate sales are diverging between East and West, as markets await the fallout from Ottawa’s new mortgage rules. Mixed Economic Cues The nearly 44,00...

Canadian Housing Market Remains Firm Despite Ugly Second Quarter for Broader Economy

21 September, 2016 / by marketing

Housing was one of the only bright spots in an otherwise ugly second quarter for Canada’s economy. Consumer spending and demand for housing were the main positive contributors to the Canadian economy in the second quarter, as Alberta’s wildfires led to the worst decline in GDP since the Great...

Is Housing Canada’s Last Economic Lifeline?

8 August, 2016 / by marketing

Canada’s economy is growing at its slowest rate in 60 years, with only housing preventing things from getting worse. Canada’s economy has seen better days. Gross domestic product, a measure of all the goods and services produced in the economy, is expanding at its weakest rate in 60 years.[1]...

How Brexit Could Impact Canada’s Housing Market

4 July, 2016 / by marketing

The United Kingdom's Brexit vote to leave the European Union last month dealt a massive blow to the financial markets, as heightened economic and political uncertainty triggered unrest across the globe. The aftershock of the referendum will have a prolonged impact on the global economy, inclu...

Strong Mortgage Regulations Make Canada Resilient to Housing Crisis: Moody’s

26 June, 2016 / by marketing

Rock-bottom interest rates are driving an unprecedented housing boom that has many economists worried about an overvalued market. But a recent report from Moody’s suggests Canada is more than capable of withstanding a market correction without a US-style recession. Despite all the concerns surrou...

The Culture of Debt: Canada’s Growing Credit Problem

17 June, 2016 / by marketing

Canadians are carrying record debt levels and seem ready to handle more. Is this a cultural norm or lack of credit education? Nearly three-quarters of Canadian families carry some form of debt.[1] This figure is expected to increase as debt acceptance remains a cultural norm. But under the seams o...

Bank of Canada (BOC) Expected to Keep Rates Low Until 2017, Providing More Fuel for Housing Market

7 June, 2016 / by marketing

Bank of Canada (BOC) in wait-and-see mode as the oil-price shock continues to weigh. After cutting the benchmark interest rate to 0.5% in July 2015, the Bank of Canada (BOC) has remained largely on the sidelines, as the world’s eleventh largest economy battled plunging oil prices and slowing inte...

Canadian Real Estate Investing Continues to Pay Dividends

1 June, 2016 / by marketing

Real estate investing in Canada continues to pay dividends, with growth in house prices far outpacing gains in volatile equity markets over the past 12 months. Real estate investing remains a highly lucrative opportunity for Canadian investors. The average price of a Canadian home sold in March s...

Canada’s Housing Market Review: March 2016 Edition

14 April, 2016 / by marketing

Housing Activity Remains Elevated Despite Lackluster Economy Canada’s housing market remained robust in March, as demand for multi-unit dwellings trumped rising unemployment and slower wage growth that could make it more difficult for households to afford homes. Housing Starts Rise Groundbrea...

Snapshot of Canada’s Residential Mortgage Market

21 March, 2016 / by marketing

Introduction Canada’s housing market continued to prove its resilience in 2015, as the combination of rock bottom interest rates and a competitive finance system outweighed the negative shock of plunging oil prices on the economy. Actual home sales rose 10% on a year-over-year basis in Decemb...

IMF says Ottawa should Back Away from Mortgage Insurance

29 November, 2013 / by marketing

The International Monetary Fund spoke out this week about the mortgage insurance market and mainly, Ottawa's involvement in insuring mortgages for the banks. While speaking to reporters in Toronto, IMF mission chief, Roberto Cardarelli, said that not only does this put taxpayers at risk, but it's mo...

Julie Dickson Warns Again about Housing Market

28 November, 2013 / by marketing

Back in the spring, Julie Dickson, head of the Office of the Superintendent of Financial Institutions, warned that high interest rates could be "very painful." And while her most current warnings may not sound so dire, when Ms. Dickson spoke to an industry group about the current housing and mortgag...

Economy

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16 January, 2017 / by marketing

14 November, 2016 / by marketing

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