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

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 Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a different approach to the housing supply shortage at a time of rising demand and affordability concerns. “Increasing supply

Whether or not the economy is set to experience a recession is a growing question in the minds of consumers and economists alike. However, it’s clear that rising interest rates are set to cool both the housing market and consumer spending, while other key indicators are starting to flash warning