Economy

Several real estate industry observers say the housing market isn't roaring back, despite October delivering the first month-over-month uptick in home sales since February.Their outlook on the market comes as the Canadian Real…

TORONTO – Canada's low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday.Speaking before students and…

CALGARY — The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of transactions in October fell 15 per cent from the year before.The Alberta board says October sales totalled…

TORONTO — The Toronto Regional Real Estate Board says the average cost for a one-bedroom condo soared by more than 20 per cent to $2,481 between the third quarter of this year and the same period last year.The board says the average…

OTTAWA – The Bank of Canada signalled it is drawing closer to the end of what's been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point – but made it clear that…

As another Bank of Canada interest rate hike is to be announced Wednesday (26th), a recent poll conducted by Ipsos on behalf of MNP Ltd finds that six in ten Canadians (59%,+1pt) say they are concerned about the impact of rising…

OTTAWA – Canada's latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week.In its latest…

Bank of Canada governor Tiff Macklem emphasized Friday (Oct. 14) that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year.Now is not the time to be flexible on interest…

The Canadian Real Estate Association (CREA) says the country's housing market continued to slow in September — a stark contrast from the flurried pace of sales the fall usually delivers.The association said Friday that September sales…

TORONTO — Royal LePage is lowering its expectations for home prices in Canada and now says prices in the fourth quarter are expected to be down compared with the same quarter last year, erasing the gains made at the start of 2022.The…