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Canada real estate appreciation fuelled by expectations

Canada’s housing sector has been considered as among the most desired real estate in the world today, as reflected in the pricing and bidding wars in the country’s hottest markets. An analyst pointed out, however, that one shouldn’t expect this state of affairs to be sustainable in the long run. Maclean’s business editor Jason Kirby […]

How to exit the housing market without exiting your house

Let’s say you’re looking to get out of the housing market and pocket your wealth. One option is obviously to sell, but then you have to either buy another place or rent. What if you could just lease back your own property? It’s an unfamiliar concept in the residential housing market but a fairly common […]

Is 2016 The best time to buy a home?

Purchasing a home is the ultimate dream for every family. Buying a home for the first time or even for the second or third time is always a challenging task for any potential homeowner. For one, the range of choices could present a tempting array which can make you decide on the spot especially when […]

Interest rate shouldn’t be seen as main tool for financial stability: Central bank

by Andy Blatchford The Bank of Canada’s benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday. Increased government spending, also known as fiscal stimulus, and regulatory changes to curb the accumulation of household debt are other tools […]

Montreal corruption trial delayed as judge works through defence motions

A long-awaited fraud trial connected to a controversial land deal in Montreal that helped spark years of investigations into corruption in Quebec’s construction industry will be delayed a little while longer. The case stems from 2007 when Montreal sold a large plot of land in the city’s east end to a company, Construction F. Catania, […]

Anti poverty activists ask Liberals for $3.2B in budget for affordable housing

The pre-budget ask from seven groups is aimed at helping the 235,000 Canadians who experience homelessness every year, and social housing providers who are beginning to see the end of federal funding agreements signed decades ago with no new capital funding in sight. Affordable housing groups from Ontario, British Columbia, Quebec and New Brunswick, along […]