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National Bank of Canada Weekly Economic Watch

Housing starts rose from 166.5K in April to 193.5K in May (seasonally adjusted and annualized). Urban starts improved 22K to 181.1K on increases in both the multi-unit (+14.9K to 135.9K) and the single-detached (+7.1K to 45.3K) segments. At the provincial level, urban...

Employment fell by more than one million in March

Employment fell by more than one million in March (-1,011,000 or -5.3%). The employment rate—or the proportion of people aged 15 and older who were employed—fell 3.3 percentage points to 58.5%, the lowest rate since April 1997. Of those who were employed in March, the...

Virtual Tours and Live Streams a Hit on REALTOR.ca

While staying home to help stop the spread of COVID-19, Canadians are spending more time looking at properties on REALTOR.ca, Canada’s No. 1 real estate platform*. During the week of March 9, visits to REALTOR.ca dropped by 30%; however, since April 12 traffic has...

Everything you need to know about qualifying for CERB effective April6

There are newly added provisions for part-time and seasonal workers effective today, so be sure to check CRA’s FAQ list for the latest updates and apply online or by phone. https://www.advotaxlaw.ca/post/non-eligible-dividend-recipients-can-qualify-for-cerb +1...

A Guide to At-Home Learning for Kids During COVID-19

The current COVID-19 situation continues to change by the hour many days, but as it unfolds further, it is becoming increasingly clear that kids will remain out of school for longer than we initially thought and hoped. For parents, we can understand the last few weeks...

A Summary of Federal Party Promises Which May Affect You

Through the term of the current government, and in the months leading up to this month's federal election, Mortgage Professionals Canada has been working diligently on behalf of its members to advance our three top recommendations to federal policymakers: A reduction...

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: 5% or...

Find a mortgage that works best for you

Is your current mortgage up for renewal? Are you looking for additional funds? Or maybe buying the home of your dreams? Get a mortgage that not only meets your unique requirements, but also helps you get ahead by being more “debt effective”.