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My Mortgage Blog — Latest Posts
Canadian economy flirts with recession as GDP fell in Q3
The Canadian economy saw negative growth in the third quarter, according to data released by Statistics Canada this morning. This would have been the second straight quarter of negative quarterly...
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Easing inflation has likely “closed the door” to further rate hikes
Canada’s headline inflation rate eased more than expected in October, likely shutting the door to any further immediate rate hikes, economists say. Statistics Canada reported Tuesday that...
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Existing homes sales fell in October
Sales of existing homes continued to fall in October while prices remained flat, the Canadian Real Estate Association (CREA) reported today. Sales fell 5.6% from September but remain 0.9% above...
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Building permits fell 6.5% in September
The total value of Canadian building permits fell 6.5% in September to a seasonally adjusted $11.2 billion, according toStatistics Canada. Residential permits, however, rose 4.3% to $7.2...
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