Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in storm-struck February. Overall, however, housing activity remains considerably below historical norms. Home sales rose 0.9% nationally while the benchmark price rose 0.8%. While this is an improvement from the very poor […]

In this year’s budget, the federal government announced a program for first-time homebuyers that would offer between 5% and 10% top up from the Canada Mortgage and Housing Corporation. If you’re buying a brand new home, the CMHC will give you 10% of the total cost, and it will offer 5% if it’s an older […]

When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a rate increase is anywhere on the horizon. Inflation is not where it should be, we’re not in a deflation mode right now, but inflation is under control and there’s […]