Canada’s central bank raised its benchmark interest rate by a full percentage point to 2.5 per cent. That’s the biggest one-time increase in the bank’s rate since 1998.
The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month, prompting public health restrictions that forced many businesses to close or curtail operations.
An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.
A resurgence in demand for Toronto homes contributed to record residential real estate sales and prices in 2021 despite a dip in December.
Toronto’s brick-and-mortar retail landscape has suffered immensely with the rise of online shopping and exponentially more during the pandemic, and it looks like the thirst for new housing could soon bring about the end of a shopping mall that’s been a North York staple for over a half-century.
The foundation has been poured for Soraya Palma’s first home and she’s paid most of the deposit. But the 29-year-old says she now has no choice but to walk away from the Barrie, Ont., development.
August home sales slowed from the frenzied pace seen earlier in the year, but market conditions have tightened as supply plummeted by 43 per cent and prices rose yet again
Canada’s central bank raised its benchmark interest rate by a full percentage point to 2.5 per cent. That’s the biggest one-time increase in the bank’s rate since 1998.
The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month, prompting public health restrictions that forced many businesses to close or curtail operations.
An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.
A resurgence in demand for Toronto homes contributed to record residential real estate sales and prices in 2021 despite a dip in December.
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