Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing, CMHC says.
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase in…
The deputy governor of the Bank of Canada says it may need to raise its key interest rate to three per cent or beyond to ensure inflation does not become entrenched.
In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months as it forecasts higher consumer prices to come this year.
Statistics Canada said Tuesday real gross domestic product grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending.
"Canadian inflation is running more than three times faster than target,'' Desjardins' head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
Stagflation. It was the dreaded "S word" of the 1970s.
Canadian homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise, brokers say.
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May – the largest monthly drop since the pandemic's onset.
“We’re riding an incredible wave right now,” says co-founder and CEO of Ottawa-based last-mile delivery firm that ships goods on behalf of merchants in four Canadian cities.