Where is Canada’s Economy Headed? A new report on Canadian GDP has more people taking a closer look at the Canadian economy and perhaps reconsidering how they’ll vote in this coming snap Federal election. StatsCan says Canada’s GDP shrank 1.1% in the 2nd quarter of 2021 and has dropped by .4% in July. According to…
Mortgage Stress Test Rules The Canadian government is under pressure to do something about the soaring prices of houses in Canada. To release some of that pressure on itself, the government is replaying an old trick at an opportune moment — to capitalize on the current temporary downtrend in home prices. The Liberal government is…
Canadian Real Estate Market Forecast Just like the US housing market, the real estate market in Canada showed remarkable strength in 2020. The Canadian benchmark price increased 8.5% last year, almost five times the rate of 1.8% in 2019. And forecasts for 2021 reflect a continued trend of high prices driven by low mortgage rates,…
Positive Outlook for Montreal Housing Market While the Toronto housing market and Vancouver housing market struggles with government regulation and crash talk, Montreal seems to be waking from a sleepy, negative period that made it appear undesirable to outsiders. The changing perception of Montreal’s political stability might be the key driver of home sales here…