Canada’s addiction to real estate-driven growth won’t be easy to break, being such a large share of the economy. Statistics Canada (Stat Can) released annual provincial data for Real Estate and Rental and Leasing (RERL). RERL is a share of gross domestic product (GDP) sourced from real estate services. Over the past

The Government of Ontario is more than doubling the allowable rent increase a landlord can implement on rent controlled buildings, bringing the province’s guideline up to 2.5%. Announced on Wednesday, the new cap will take effect in 2023 and will guide how much a landlord can raise rent during the

Canadian homebuyers are well aware that the cost of borrowing is rising — but nearly half aren’t entirely sure what that means for their bottom line, according to a new survey. Conducted by TD, the poll of 2,000 Canadians found that four in 10 (38%) agree they “are confused about

The global economy may be in for a bumpy ride, warns the central bank for central banks. The Bank of International Settlements (BIS) broke down the environmental variables typical of those preceding a hard landing. Most advanced economies fit this bill and are advised to start tackling inflation immediately. Those in the

Canada’s booming population growth is obfuscating trend policymakers should be watching — emigration. Emigration, the act of moving from a country, saw an unusual surge in Q1 2022. It was the biggest Q1 for emigration in a half-decade, shows Statistics Canada (Stat Can) data. The recent surge marks the end of a