Federal budget date announced
After postponing the federal budget in mid-January, Finance Minister Joe Oliver has scheduled the budget for Tuesday, April 21.
GDP falls on weak real estate market
Canada’s real gross domestic product (GDP) fell 0.1 per cent in January due in part to sagging construction and diminishing output from real estate professionals.
Poloz answers critics questioning BoC’s credibility
The governor of the Bank of Canada has gone into damage control mode, defending the rate cut that shocked the markets but spurred agent business.
New platform to clarify bidding wars
With regulations around bidding wars about to change, one broker has developed a platform he believes will revolutionize the real estate industry.
Comprehensive study makes condo market predictions
In a comprehensive study of condo markets across Canada, Genworth and the Conference Board of Canada are predicting a soft landing in most cities, with some expected to see more significant price drops.
Comprehensive economic forecast released
One of Canada’s most influential not-for-profit research organizations recently published its yearly Long-Term Economic Forecast, which include its predictions for the housing and mortgage markets for the next few years.
Brokers heat up mortgage debt debate
The debate on mortgage debt versus consumer debt is heating up after the CMHC released previously confidential remarks about its concern for the housing market, but is it time to finally put that discussion to bed?
CMHC reveals confidential memo to finance ministry
The Canada Mortgage and Housing Corp (CMHC) has admitted that it told the finance ministry in 2014 its concerns about increasing high household debt levels and rising prices in a number of urban property markets.
Bank of Canada announces overnight rate
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?
Condo sales plateau in major market
One of Canada’s largest markets hit a decades-old record for unsold condo units this January, as supply continues to skyrocket. But what will this mean for prices and the health of the housing market as a whole?