Canada

TORONTO – Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.This year's home resales could dive by 30 per cent to a 20-year low as…

Although the Canadian real estate market started 2020 in full force and was well on its way to a red-hot season, the social distancing and home isolation measures that were put in place as a result of the COVID-19 outbreak started…

The Bank of Canada (BoC) today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. In a statement from the central bank, this unscheduled…

According to the March National Rent Report from Rentals.ca and Bullpen Research & Consulting, the national average rental rate dropped 3 per cent month over month and 3.4 per cent year over year.Average monthly rent was down or…

OTTAWA – The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19.The central bank said Friday the unscheduled rate decision was due to the pandemic and its impact on…

OTTAWA – The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak.The central bank said Wednesday that it…

Statistics released by the Canadian Real Estate Association (CREA) show national home sales recorded over Canadian MLS Systems declined by 2.9 per cent in January 2020.Transactions were down in a little over half of all local…

According to JLL’s latest Industrial Outlook Report, the decade closed with a surge of construction completions with nearly 9.2 million square feet added to the inventory in Q4.About one million square feet was completed this…

According to the January National Rent Report from Rentals.ca and Bullpen Research & Consulting, the average monthly asking rent for Canada rose 4.3 per cent year over year at the end of December.Toronto, Montréal and Vancouver…

A group of Quebec investors including the founding Dutil family is buying back the Canadian operations of the Canam Group architectural steel company, as well as certain assets in the United States and overseas, less than three years after…