12/3/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Canada's pandemic-weary economy is poised to "take off like a rocket" in the latter part of 2021, says CIBC World Markets deputy chief economist Benjamin Tal. His ... More
11/18/2020 | Posted in Financial Health by Paul Solomons
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.
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10/23/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery
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10/23/2020 | Posted in Canadian Housing Market by Paul Solomons
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Instead of downsizing, the majority of Canada's seniors are planning to live in their own homes for as long as possible
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10/15/2020 | Posted in Canadian Housing Market by Paul Solomons
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.
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8/31/2020 | Posted in Canada Living by Paul Solomons
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Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More
8/28/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada is starting to worry about inflation. Not because it sees any, mind.
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8/18/2020 | Posted in Canada Living by Paul Solomons
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"A home equity tax would be unfair and hurtful to Canadians during the best of times, but at this very moment – during a global pandemic – it is ... More
8/18/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The rate of residential investment to Canadian GDP has also swelled dramatically
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8/17/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post.
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8/11/2020 | Posted in Canada Living by Paul Solomons
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Canadians spent an estimated $80 billion on renovations in 2019, and plan to take a bit of breather this year because of COVID-19.
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6/13/2020 | Posted in Financial Health by Paul Solomons
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.
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6/1/2020 | Posted in Canada Living by Paul Solomons
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COVID-19 has "for all intents and purposes shut down immigration."
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5/3/2020 | Posted in Canada Living by Paul Solomons
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.
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4/21/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
3/18/2020 | Posted in Canada Living by Paul Solomons
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The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.
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3/16/2020 | Posted in Canada Living by Paul Solomons
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Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ... More
2/27/2020 | Posted in Canada Living by Paul Solomons
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In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400.
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2/13/2020 | Posted in Rental Market by Paul Solomons
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The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.
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12/31/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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TD economists says the cost of servicing debts should ease early in 2020
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12/18/2019 | Posted in Canada Living by Paul Solomons
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There will be growth for the Canadian economy in the next two years as the country avoids recession.
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