Canadian Recession!
Immigration slowdown and tariffs to blame Oxford Economics now sees a Canadian recession as all but certain. While reduced tariffs between Canada and the U.S. offer some relief, steeper U.S.…
How long does it take the average Canadian homebuyer to save up a down payment?
National Bank of Canada has reported that a Canadian household occupying the average income bracket would need around 60 months to save the minimum down payment for a residential property purchase.…
Household mortgage debt balance approaching $1.66 trillion
Spurred by record-low rates and housing market dynamism, Canadians borrowed at an unprecedented pace in 2020, with national mortgage debt growing by 7.4% annually in November. The latest data from Statistics Canada…