Finance
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.
Jan 12, 2022
Vancouver
$300-Million Fund to Bring Badly-Needed Supply to Canada's Biggest Markets
A $300-million equity fund is about to be deployed in red-hot condo markets in Toronto, Montreal and Vancouver.
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.
This 10-Acre Luxury Estate Offers Lakeside Living At Its Finest
For those seeking to call a (sprawling) piece of cottage country all their own, newly listed 1161 Stephen Road encapsulates the best of what the region has to offer.
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.
Real Estate
Half of Canadian Small Businesses Will Not Be Able to Pay June Rent: Survey
With June now just weeks away, countless Canadian small businesses will be unable to pay their rent due to COVID.
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".
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