Canadian Dollar Plunges As Bank of Canada & Federal Reserve …
Dec 19, 2024 · The Canadian and American economies often move together, but the loonie is the latest sign that won’t be the case this time. The Canadian dollar has been plunging against the US dollar, a.k.a. Greenback. That loonie’s erosion was amplified this month as the two central banks diverged on outlooks for their respective economies, with the […]
Canada Expects 1.2 Million Residents To Leave Next Year, Refugee …
Nov 18, 2024 · Canada is bracing for a mass exodus of residents and some aren’t too keen on the plan. A few weeks ago, the Government of Canada (GoC) announced it would taper its population, primarily by reducing temporary resident visas. It’s a big problem for the 1.2 million temporary resident visas that expire next year—leading to a surge in refugee claims by residents.
Canadian Real Estate Markets Overheat (Again), Government Cities ...
Dec 27, 2024 · Back in October, government workers were ordered back into the office to bolster real estate demand. A month after most workers were ordered back, real estate markets have re-entered overheated territory. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in November. This time the rally is driven by […]
Better Dwelling - Canada’s Fastest Growing Real Estate News Source
6 days ago · Canada’s brief immigration policy shift will have a much bigger impact than people appreciate. Statistics Canada (Stat Can) released its latest population projections, factoring in the November 2024 immigration policy changes from the IRCC.
Toronto Condo Prices Just Had One of The Worst Months On Record
Oct 29, 2024 · Greater Toronto condo owners holding out for the monetary easing cycle got some bad news last month—it didn’t matter. Toronto Regional Real Estate Board (TRREB) data shows the benchmark (typical) condo apartment price plunged lower in September. The declines aren’t softening either, instead picking up pace and making one of the largest monthly drops on […]
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Mar 23, 2016 · Canada’s fastest growing real estate news site. Featuring the latest in Toronto and Vancouver real estate news, listings, and opinions.
Canada Needs To Prepare For Bank Runs & Collapses, Warns …
Oct 11, 2024 · Canadian banks have been considered mostly risk-free for a long time, but every streak ends. A former Canadian banking regulator urges the country’s policymakers to prepare for that day while it still can. In a new report from CD Howe, a former OSFI manager urges the country to modernize its banking crisis response and adopt […]
Toronto’s Jobless Population Hits 380k, Back To Pandemic Levels
Dec 9, 2024 · Canada isn’t officially in a recession, but its largest city is already experiencing one. Statistics Canada (Stat Can) data shows seasonally adjusted unemployment in Toronto CMA surged in November. Nearly 1 in 10 of the region’s workers are struggling to find work despite actively looking. The unemployment rate is now at levels not seen outside […]
Canadian Household Debt Outpaces GDP As Mortgage Borrowing …
Dec 24, 2024 · Canada’s economy is slowing down and unemployment is rising, but that isn’t slowing credit consumption. Statistics Canada (Stat Can) data shows household debt continued accelerating in October. A combination of lower rates and moral hazard has led to aggressive borrowing, with credit now rising at a faster pace than GDP. It’s a questionable setup when […]
Canadian Mortgage Borrowers Received “Over 8,000 Relief …
Dec 20, 2024 · Who needs a pandemic when every day can be an “exceptional circumstance” for the market? A new report from the Financial Consumer Agency of Canada (FCAC), the country’s consumer watchdog, outlines the extraordinary mortgage relief measures it continues to deliver via the country’s banks. The agency delivered more than …