Canada News

Canada has announced its 2023-2025 immigration levels plan Immigrants will arrive over the next three years, and this will help address persistent labor shortages, particularly in the health care, manufacturing and construction sectors. At the same time, the government will continue to invest in processing capacity to ensure that all applications are processed as quickly as possible and to eliminate...

Current report on the Vancouver real estate market Vancouver has been an expensive real estate market for years, and its current benchmark price has risen 20% over the past five years, just below CPI inflation, which was 21% over the past five years. years. The competition between Toronto and Vancouver over housing unaffordability is relatively recent, as benchmark home prices in the GTA have climbed 53%...

Montreal Housing Market Despite being one of the largest real estate markets in Canada, the Montreal real estate market has remained more affordable than the Toronto and Vancouver real estate markets. Home prices in Montreal are slightly lower than the Hamilton real estate market and the Ottawa real estate market, even though they are much smaller real estate markets than Montreal. Home prices in the...

TORONTO - The Toronto Regional Real Estate Board says July's home sales, listings and prices edged up from the same time last year, but activity looks to be slowing in the face of higher interest rates. The Ontario board revealed Thursday that sales across the market reached 5,250 last month, up 7.8 per cent compared with July 2022. Paul Baron, the board's president, saw the increase as a sign that...

The Bank of Canada’s most recent interest rate hike may have some homeowners in Toronto recalculating their finances while renters wonder what this means for their future monthly payments. On Wednesday, the Bank of Canada (BoC) raised its policy interest rate by 25 basis points to five per cent, pushing it to its highest level since 2001. This means higher payments for variable-rate mortgage...

Canadian renters have long lamented the increasing prices they see landlords request of tenants, but in July, those totals hit a level unseen in the country's history. Data from Rentals.ca and research firm Urbanation released this week shows July's average asking rent hit $2,078, just shy of nine per cent above the same month last year. The organizations behind the data said July's numbers also...