According to CMHC, the seasonally adjusted rate of housing starts rose in December, mostly due to a spike in multiple urban starts, support the notion that condo development is surging in this country. There has also been a trending towards returning to urban centers- in particular with the Baby Boomers to be closer to amenities […]

Buying a home and experiencing feelings of remorse is about as common as death and taxes. It happens to us all, unless, of course, you have money to burn and you purchase homes like the rest of us do coffee.     Unfortunately, that’s not the case for most of us. We invariably suffer the doubts, […]

We’re a little late on the New Year’s musings, but we wanted to give you a week to recover from the post-Christmas hangover. No, not the boozy hangover you get from too much New Year’s revelry — the financial hangover many of us suffer when we realize we spent too much at Christmastime. Mid-January is […]

By The Canadian Press OTTAWA – Statistics Canada says the economy began creating jobs again in December after two straight months of declines, but not enough to prevent the official unemployment rate from edging up a notch to 7.5 per cent. Canada added 17,500 jobs during the month, yet the jobless rate increased because there […]

TORONTO, Dec. 21, 2011 /CNW/ – According to a new study released today, more than one-in-three Canadians (36 per cent) feel more stressed this year about their finances than they did a year ago. Forty-three per cent of women and 53 per cent of Canadians between the ages of 18 to 34 feel this way. […]

The dollar took a tremendous hit Tuesday as risk-sensitive assets rallied with unexpected gusto. The volatility of this past session does not necessarily surprise; but the consistency in the steady build of risky exposure certainly does. We are in the gravity of the year-end, holiday trading period when the capital markets thin out as participants […]

OTTAWA — There were 18,600 fewer people working in this country last month, Statistics Canada said Friday, despite expectations from economists that the job market would grow by 20,000 people. The unemployment rate for November was 7.4%, up from 7.3% a month earlier. It was the second straight month of job losses for Canada, which […]

The Canadian economy was not as bad as first feared in the third quarter. In fact, it was much better than almost anyone had hoped. Fuelled by record monthly output from the oil-and-gas and mining sectors and overall export strength as temporary headwinds drifted away, third-quarter economic growth shot past expectations. Statistics Canada said Wednesday […]

OTTAWA – A new report finds low interest rates are keeping Canadian house prices within reach of homebuyers in many markets. The Royal Bank’s quarterly report on housing trends, released early Friday, shows housing affordability improved slightly in the third quarter, after two consecutive quarters when things got worse. RBC chief economist Craig Wright says […]

The Bank of Canada understands that targeting inflation is still its No 1 job, and that there are limits to its ability to keep borrowing costs on hold to buffer against economic shocks or trouble in the financial system, Governor Mark Carney said today.   In his first remarks on his approach to inflation-control since […]