Most Canadians are worried that a recession is coming soon, though opinions are split on whether this is the right time to buy a home. In the newly published RBC Home Ownership Poll, 75% respondents admitted being worried about the potential of an upcoming recession....
Inflation is still weighing down Canada’s economy while the nation’s housing market remains in a rut, according to new research from The Conference Board of Canada. “Higher mortgage rates have slowed residential demand and, unsurprisingly, the resale market has...
Fewer people were buying homes in Montreal last month, according to data from the Quebec Professional Association of Real Estate Brokers (QPAREB). There were 3,947 residential sales in the Montreal Census Metropolitan Area (CMA) in March, down 28% year-over-year....
The housing market for the Greater Toronto Area (GTA) tightened last month, according to new data from the Toronto Regional Real Estate Board (TRREB). GTA realtors reported 6,896 sales through TRREB’s MLS System in March, down 36.5% from one year ago when there were...
When it comes to homeownership, the U.S. ranks in the bottom third percentage of countries where households own their residences without the burden of a mortgage. According to a Forbes report, the Organization for Economic Co-operation and Development (OECD) published...
Toronto-based Questrade Financial Group has debuted its tax-free First Home Savings Account (FHSA) designed to help Canadian first-time home buyers to save up to $40,000 towards their first home, withdraw it tax-free and use for their home purchase. According to the...
