This article is part of Motorcycle accident toronto today’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. Entering the housing market is viewed by many Canadians as an attractive choice, both financially and for the security of having a home to call your
The Bank of Canada held its benchmark interest rate steady on Wednesday — a decision real estate players and economists say will have major implications for the Canadian housing market. After all, most market watchers point to the central bank’s aggressive interest rate hikes over the last year as driving the slowdown from the pandemic-era
Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could catch up to households and
The official start to tax season begins on Monday, Feb. 20, this year as the Canada Revenue Agency (CRA) opens its portal for Canadians to file. Before you call up your accountant or wade into the taxation trenches yourself, there are a few changes you should know about for the 2022 tax year. Read more:
Lower interest rates in 2023 could revitalize Canada’s housing market before the end of the year, according to some economists, even as the central bank warns the rate cut conversation is premature. A report from Desjardins Economics released Thursday expects home sales in Canada to “reach a low in the second half of 2023 before
Retirement is feeling increasingly out of reach for most Canadians with a year of decades-high inflation behind them and rumblings of a possible recession ahead, according to a new survey from BMO. Canadians now believe they will need $1.7 million to retire, up 20 per cent from 2020’s figure of $1.4 million, the survey said.
The pinch of high inflation and interest rates has more Canadians, and women especially, saying their budgets are at a breaking point according to a new poll. Ipsos Public Affairs polling conducted exclusively for Motorcycle accident toronto today suggests a growing proportion of Canadians (22 per cent) are “completely out of money” to the degree that they
Zellers, a nostalgic discount brand, has unveiled the first 25 locations across Canada for its retail comeback. Hudson’s Bay Co. first announced plans to revive the Zellers brand in August of last year. The brand will return as an e-commerce site and as an “in-store experience” in select Hudson’s Bay stores across the country. Read more:
After years of frenzy in Canada’s housing market during the COVID-19 pandemic, 2022 saw a reversal across much of the industry as the Bank of Canada’s interest rate hikes cooled down the residential real estate sector in cities from coast to coast. Most economists and experts who spoke to Motorcycle accident toronto today say they expect that
Taxpayers’ Ombudsperson Francois Boileau says the Canada Revenue Agency should warn Canadians applying for benefits about the risk of potential clawbacks to other income supports. In his latest annual report, Boileau recommended that the CRA make it clear to applicants that benefits that increase their income could affect other benefits they receive, including provincial benefits.Boileau