Finance

CMHC down payment review
Mortgages

CMHC to Target Down Payment Requirements for Real Estate Investors

The CMHC is set to review whether current down payment requirements for real estate investors should be toughened up to reduce speculation.

Toronto

Face Masks and Shields to Be Sold Tax-Free Starting Next Week

Starting next week, Canadians shopping for face masks (or shields, if that's your preference) will start seeing them sold tax-free.

Finance

Home Office Expense Claims Up to $400 to Be Permitted This Tax Season

Home office expense claims up to 400$ will be permitted this tax season due to countless individuals working from home because of COVID-19.

Commercial

Bank of Canada Will Once Again Hold Key Interest Rate at 0.25%

The Bank of Canada announced it's holding its key interest rate at 0.25% in response to an "extremely uncertain" economic outlook.

Real Estate News

Canadian Economists Now Expect Property Prices in Major Cities to Drop By 2%

Find out why Canadian economists have changed their outlook on property prices in Canada's major cities in the months to come.

Commercial

How Will Canada Pay Back its $343 Billion Deficit?

Finance Minister Bill Morneau revealed that the COVID-19 pandemic has left Canada with a projected 2020 budget deficit of $343.2 billion.

Finance

Bank of Canada Says Impact of COVID on Economy Has "Peaked"

According to the Bank of Canada, the impact of the COVID-19 pandemic on the economy appears to have "peaked,".

Commercial

Commercial Rent Assistance Now Open for Small Businesses

Relief is on the way for small businesses in Ontario, as commercial landlords can now officially apply for rent assistance.

Finance

Canadian GDP Dropped 8% in First Quarter in Wake of COVID

Find out how the coronavirus outbreak impacted Canadian GPD over the course of 2020, as the economy declined due to lockdown restrictions.

Finance

COVID Pushed Canadian Retail Sales to Lowest Level on Record in March

As a result of widespread lockdowns in the Country, retail sales in Canada fell 10% to $47.1 billion – the lowest level on record.

Ontario News

Over 42,000 Jobs Will "Vanish" in Toronto Due to COVID-19: Report

Toronto is on track to lose over 42,000 jobs as a result of the coronavirus pandemic, which has made the city's economy "drastically weaker".