Housing market

Mutual funds, not homes, increase Canadians’ net worth Fallback Image Decorative pattern

Economic Indicators

Mutual funds, not homes, increase Canadians’ net worth

Home sales hit their highest level since April 2016, gaining 5.2% in February compared to January, reveals statistics from the Canadian Real Estate Association. Read: The solution to Canada’s housing crisis The national average price for a home sold in February was $519,521, up 3.5% from a year ago. Excluding Greater Toronto and Vancouver, the […]

By Staff |March 15, 2017

2 min read

Toronto homes prove too pricey for top 1% Fallback Image Decorative pattern

Economic Indicators

Toronto homes prove too pricey for top 1%

How ridiculous are Toronto home prices? So ridiculous that even the top 1% of earners are now priced out of the market. Don’t believe it? Douglas Porter, chief economist at BMO Capital Markets, may convert you. Home prices in Toronto rose almost 24% year-over-year in February (using data from the MLS home price index). But […]

By Staff |March 15, 2017

2 min read

The solution to Canada’s housing crisis Fallback Image Decorative pattern

Economic Indicators

The solution to Canada’s housing crisis

If you’re worried about a housing crash in Canada, you’re not alone.

By Katie Keir |March 14, 2017

3 min read

The BoC’s unofficial lower-loonie policy Fallback Image Decorative pattern

Economic Indicators

The BoC’s unofficial lower-loonie policy

The BoC will hold its benchmark interest rate at 0.5% through the year even as the Fed hikes rates more than once, a CIBC economist predicts. That’s because the BoC is intent on a weaker loonie to support exports, says Benjamin Tal, deputy chief economist of CIBC World Markets. In a speech at the Canadian […]

By Simon Doyle |March 9, 2017

3 min read