homeowners

OTTAWA – Prime Minister Justin Trudeau warned Canadians against relaxing their guard against COVID-19 as he and his cabinet kicked off two days of closed-door meetings to discuss the pandemic and how to lead the country through a second…

TORONTO – Renting out properties for short-term stays is about to get more complicated in Canada's largest city.Starting Thursday, Toronto homeowners must register with the city if they want to fill their units for any period less than…

People's refocus on their local community in light of the COVID-19 pandemic will be long-term, bringing about the "decade of the home" and forcing retailers and consumer goods companies to tailor their products and services to drive a more…

OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…

OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…

TORONTO – A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008.Bank of Canada Director of Financial Stability Mikael Khan said that while the employment…

TORONTO – Seven-year-old Stanley has been donning a wet suit to swim in his pool since March to keep busy while shut-in at home during the COVID-19 pandemic.That routine will carry on this summer since camps are closed because of the…

TORONTO — Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest.The housing agency also cautioned that the impact of the COVID-19…

VANCOUVER – Housing assessments are in the mail for nearly two million homeowners in British Columbia, but those in Vancouver may have already searched their properties online to learn that values have fallen dramatically.``It's an…

Canadian homeowners who accessed their home equity through a loan or refinancing helped fuel household spending in recent years, according to research by staff at the Bank of Canada.Household spending moved in a similar direction to…