Blog

Canadian housing markets set multiple records in July 2020

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings continued to rebound in July 2020, with new listings hitting their highest level on record for the month of July, while sales posted the highest level of...

Employment continues to rebound in July

From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-related increase in absences from work of 2.5 million. Employment rose by 419,000 (+2.4%) in July,...

Canadian home sales and new listings up again in June

Home sales recorded over Canadian MLS® Systems in June 2020 rebounded by a further 63%, returning them to normal levels for the month – some 150% above where they were in April. Transactions were once again up on a m-o-m basis across the country. Among Canada’s...

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...

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”.