As a sign of the times — if the return of the maddening traffic wasn’t enough of an indication — rents in the Greater Toronto Area (GTA) have risen by their fastest pace on record, as we recover from the pandemic. Gone are the days of pandemic-inspired deals on rents in the notoriously

A new report from British Columbia’s Minister of Finance examines the effectiveness of the province’s speculation and vacancy tax (SVT).  And it turns out it’s working. The first tax of its kind implemented in Canada, the Speculation and Vacancy Tax Act (SVTA) was announced as part of the provincial Budget 2018 to

Canadians are about to see interest rates they didn’t think were possible in just a few days. BMO made revisions to its overnight rate forecasts this week. At next Wednesday’s meeting, they’re calling the largest rate hike in two decades. That will bring interest rates (and your borrowing costs) to the highest

The national statistics for June won’t be out for a couple of weeks yet, but an analysis from RBC of early regional reports points to a continued slowdown in housing markets across the country. In a note titled “Canada’s Housing Markets Keep on Cooling”, RBC Economist Claire Fan writes that as demand

With real estate prices still sitting sky high and mortgage rates continuing to climb, the idea of home ownership is slipping further and further away from reality. And for many, it’s no longer even in the cards, with 9M Canadians now saying they plan to rent forever. A new report from fintech comparison