10 Mortgage Mistakes

Mortgage Tips 16 Sep

10 Mortgage Mistakes. Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and are simply waiting to close, there are still some things to keep in mind to ensure your efforts are successful. Many homeowners believe that […]

Read More

Insufficient Housing Supply Boosted Home Prices Again in August

Latest News 15 Sep

Home Prices Still Rising as Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly decline. Over the same period, the number of newly listed properties edged up 0.8%, and the MLS Home Price Index rose […]

Read More

Good News on the Canadian Jobs Front

Latest News 10 Sep

August Employment Report Showed Continuing Recovery This morning, Statistics Canada provided us with some much-needed good news on the economic front following last week’s surprisingly dismal Q2 GDP report. Canada’s labour market continued its recovery in August, especially in the hardest-hit food services and accommodation sectors. The August Labour Force Survey (LFS) data reflect conditions […]

Read More

Canadian Home Sales Slow for Fourth Consecutive Month

Latest News 16 Aug

Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2% year-over-year. While sales are now down a cumulative […]

Read More

Canadian Job Growth Continued in July as Unemployment Rate Fell to 7.5%

Latest News 9 Aug

Canada’s labour market continued its recovery in July as health restrictions were lifted, but the gains were shy of expectations. The report signals the economic rebound is intact and shows companies are finding workers as pandemic restrictions vanish. The smaller-than-expected increase, though, could cast some doubt on the pace of hiring. The gains last month […]

Read More

Canadian Jobs Market Rebounds in June as Lockdown Eases

Latest News 12 Jul

This morning, Statistics Canada released the June 2021 Labour Force Survey showing employment rose 230,700 (1.2%) in June, rebounding from a cumulative decline over the previous two months of 275,000. Total hours worked were little changed. The national unemployment rate fell 0.4 percentage points to 7.8%. Jobs continue to swing back and forth as the various COVID waves […]

Read More

Canadian Housing Continues to Moderate in May

Latest News 15 Jun

The Slowdown in Canadian Housing Continued in May Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 7.4% nationally from April to May 2021, building on the 11% decline in April. Over the same period, the number of newly listed properties fell 6.4%, and the MLS Home Price Index rose 1.0%, a marked deceleration from previous […]

Read More

Housing is Driving the Canadian Economy

Latest News 2 Jun

Housing Drove the Economic Expansion in Q1   Yesterday’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year.  That was somewhat below economists’ expectations. Housing investment grew at an annualized 43% pace, by far the biggest impetus of […]

Read More