Home ownership became slightly more affordable in the second quarter of the year in Canada but it remains 'impossibly high for many,' a new RBC report says.
A new forecast from Deloitte predicts that Canada's economic struggles will begin to ease next year and by 2025 the Bank of Canada may even begin cutting the key lending rate.
Navigating Canada's real estate market can be daunting for new immigrants, especially amid an affordable housing crisis. Personal finance columnist Christopher Liew outlines the documentation newcomers will need to rent or purchase a home in Canada, and some key expenses to budget for.
The competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand.
As average rent prices in Canada hit record highs, experts say it's going to take more than just interest rate hikes to cool the red-hot market, including a crucial boost in supply.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
The federal Liberals intend to introduce legislation soon that would eliminate the GST from new rental housing construction and backdate the change to mid-September regardless of when it becomes law, Housing Minister Sean Fraser said Monday.
Across the country, housing spaces are limited, particularly in bustling downtown neighbourhoods – a challenge that is leading some developers and tenants to repurpose overlooked spaces into unconventional homes, such as a Montreal project turning staircases into tiny housing units.
An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.
After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
It recently got a tiny bit more affordable to own a home in Canada — but according to RBC economists, the affordability crisis is still raging in many parts of Canada.
A new report has found that buyer demand for homes is remaining strong in Canada despite borrowing rate hikes — and the market may be stabilizing after the pandemic boom.
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
As elevated interest rates hit the housing market, some people have been extending their amortization period out several decades and are only paying interest on their homes.
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
Mortgage delinquencies are expected to rise by more than one-third of current levels over the next year, according to some economists. If you anticipate being unable to make your payments and decide to sell your home, here's what an expert says you should consider.
Canada has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis, according to the country's housing agency.
Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters.
Canadians are paying more for rental units than in the last 30 years as inflation continues to climb, Statistics Canada data shows.
Analysists say Prime Minister Justin Trudeau’s plan to removing GST from new rental construction is a step that could help increase Canada's housing supply, but it may not be the 'silver bullet' some are looking for on affordability.
The Liberal government is dusting off a measure it promised years ago and pulling in other parties' proposals for cheaper groceries and more homes as it struggles to tackle affordability concerns that are top-of-mind for many Canadians.
The Canadian rental market set a new record, according to a just-released report, with landlords asking 9.6 per cent more for new listings than they did at this time last year, resulting in an average rent of $2,117.
According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.
No one earning minimum wage was able to rent out an average apartment last year without spending more than one-third of their income on housing, a recent report has found.
A Canadian family offering to pay rent for the next two years in advance can't find a place to live in a suburb north of Toronto. Adrian Ghobrial reports on the rental housing crisis that has demand soaring and prices skyrocketing.
A new survey found that 48 per cent of Canadians say they won’t be taking any specific action to recognize National Day for Truth and Reconciliation.
A growing number of businesses popping up across Canada are offering unique experiences that invite tourists to dive into the history, language and culture of Indigenous communities.
The federal Liberal government has made a lot of promises to Indigenous Peoples. But do those promises line up with what communities on the ground really want and need, or reflect their diversity?
Statistics Canada has released new data about how the economy started off the third quarter, saying the country's GDP remains essentially unchanged. One economist says it highlights an ongoing trend of weak performance.
Newfoundland and Labrador Premier Andrew Furey made a solemn apology today to survivors of residential schools in southern Labrador.
Indian Foreign Minister Subrahmanyam Jaishankar said on Friday there was a 'climate of violence' and an 'atmosphere of intimidation' against Indian diplomats in Canada, where the presence of Sikh separatist groups has frustrated New Delhi.
When Washington Sen. Patty Murray received a call early Friday morning that Sen. Dianne Feinstein had died, she immediately started calling her fellow female senators.
Germany's government rebuked X owner Elon Musk after he criticized the recent work of migrant rescue ships that German humanitarian groups operate in the Mediterranean Sea.
The United States is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme.
A bail bondsman charged alongside former President Donald Trump and 17 others in the Georgia election interference case pleaded guilty to misdemeanor charges on Friday, becoming the first defendant to accept a plea deal with prosecutors.
When two Colorado gun control laws take effect Sunday, purchasing a firearm will require a three-day waiting period -- meant to curtail suicide attempts and shootings -- and gun violence victims will have an easier path toward filing lawsuits against the firearm industry.
A New Jersey man deliberately drove his SUV into a home and the offices of a municipal police department last week, authorities announced Friday.
It's been a long wait, but six Ukrainian students who arrived in Quebec City to start school last month are finally in a classroom. The teenagers have been waiting for the education ministry to issue their eligibility certificates so they can study in English as they requested.
Looking for baby name inspiration? A recent list of the top 20 baby names in 2022 may help with your search.
Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday.
The Toronto Blue Jays could clinch a playoff spot for the second straight season as soon as today.
The NBA suspended former San Antonio Spurs guard Joshua Primo on Friday for four games without pay for conduct detrimental to the league.
It's been a long wait, but six Ukrainian students who arrived in Quebec City to start school last month are finally in a classroom. The teenagers have been waiting for the education ministry to issue their eligibility certificates so they can study in English as they requested.
Economists warn both Canada's economy and individual Canadians could suffer from impacts of a U.S. government shutdown, and that those impacts will deepen and broaden the longer it lasts.
The man accused of killing Baltimore tech entrepreneur Pava LaPere last week and committing a rape and arson days earlier will be held without bail pending trial in those cases, a judge ruled Friday.
Tech holding company Tiny Ltd. says it's buying a majority stake in movie review platform Letterboxd. Victoria, B.C.-based Tiny has not shared what it will pay for the 60 per cent stake it will take in the film diary and rating website.
Unifor has set a deadline for its contract talks with General Motors for 11:59 p.m. on Oct. 9.
This week the government of Canada issued recalls and safety alerts for a series of vehicle components and consumer products. With dangers ranging from short circuit fire risks to electric shock hazards, here are some recalls the country has seen this week.
Hyundai and Kia have issued a recall for several vehicle models and are urging drivers to park away from buildings due to the risk that the issue could start a fire.
An arrest has been made in Tupac Shakur's killing, here's what to know about one of the most infamous fatal shootings in hip-hop history.
In the last few years, China's government has promoted increasingly conservative social values, encouraging women to focus on raising children. It has cracked down on civil society movements and made laws to drive out foreign influence.
The NFL didn't need a popularity boost before Travis Kelce became enchanted with Taylor Swift. They'll gladly welcome millions of Swifties to watch this love story unfold.
A new study finds walking an additional 3,000 steps per day can significantly reduce high blood pressure in older adults with hypertension.
Rising food prices have put 'an even bigger burden on families who were struggling before,' said the doctor, who is a member of Lax Kw'alaams First Nation on her father's side and Metis on her mother's side.
Some hospitals are instigating stricter masking rules again amid an uptick in COVID-19 cases, and although we’ve probably seen the end of broad masking mandates, some experts say the general public should also be making more use of this tool in our arsenal of measures to fight illness.
The country's top soldier and outside experts say that finding almost $1 billion in savings in the Department of National Defence budget will affect the Armed Forces' capabilities, although the defence minister insisted Friday the budget is not being cut.
The Canadian Radio-television and Telecommunications Commission has set a threshold that determines which online streaming services will be subject to new rules arising from the Online Streaming Act, formerly known as Bill C-11.
America's top diplomat is again urging India and Canada to work together on bringing Hardeep Singh Nijjar's killers to justice -- and hopefully forestall a deepening of a serious geopolitical rift between two important allies.
For the first time, an international team of scientists have directly observed that antimatter – the mysterious counterpart to ordinary matter – free-falls under gravity, answering a question which has been the subject of endless speculation among the scientific community.
The man arrested Thursday in the killing of a Baltimore tech entrepreneur was released from prison last year after serving a shortened sentence for a 2013 rape and was suspected in another rape days before the slaying last week, police said.
The endangered red wolf can survive in the wild, but only with "significant additional management intervention," according to a long-awaited population viability analysis released Friday.
