Economy

Toronto-area home sales in September fell 44 per cent compared with last year and 10 per cent from August as the market experienced the lowest number of new listings September has seen in 20 years.The Toronto Regional Real Estate Board…

CALGARY — The Calgary Real Estate Board says home sales in the Alberta city for September were down nearly 12 per cent compared with the same month last year.The board says home sales totalled 1,901 for the month as sales of detached…

BANFF, Alta. – Preventing current high inflation levels from becoming embedded into the public's expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday.…

OTTAWA – Canada's homeownership rate is on the decline, with young adults in particular less likely to own a home in 2021 than they were in 2011, says Statistics Canada.According to the latest census release, two-thirds of Canadians…

OTTAWA — British Columbia's high housing costs are hitting people from all walks of life, from young professionals who can't afford down payments, to students and low-income renters, to people living in tents who are afraid they will die…

OTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid…

OTTAWA – Canada's annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb.In its latest monthly consumer price index (CPI) report,…

TORONTO  — Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth.Those efforts have…

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July.The national housing agency says the seasonally adjusted annual rate of housing starts in August was 267,443 units,…

Home sales recorded over Canadian MLS® Systems edged down a slight 1% between July and August 2022 according to the Canadian Real Estate Association (CREA). While this was the sixth consecutive month-over-month decline in housing activity,…