The Bank of Canada took a step towards easing pandemic stimulus yesterday — the biggest yet by a major economy — with a hawkishness that surprised many observers.

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The Bank of Canada is acknowledging that limited housing stock is spurring strong price growth across the country, but expects recent policy initiatives to help rebalance the market, according to its latest monetary policy report.

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Canada’s central bank has decided to ease back on the throttle, given that revised calculations show the economy is on a much better trajectory than policy-makers anticipated at the start of the year.

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OTTAWA — Canadian housing starts rose 21.6 per cent in March compared with the previous month, easily beating expectations and hitting a new record, data from the Canadian Mortgage and Housing Corporation showed on Monday.

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It’s not just demand for properties that is putting upward pressure on prices. The cost of building materials has been rising making new homes more expensive to build. The cost of land, or rather, new lots is increasing as well.

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Skyrocketing home prices have convinced a large number of young Canadians to abandon their dreams of homeownership for good, says a recent poll.

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OTTAWA — Canadian home sales rose 5.2% in March from February, setting a new all-time record amid strong demand in markets across the country, the Canadian Real Estate Association said on Thursday.

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In the six months since Yogi Omar bought an electric car, he’s never used a public charger.

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As we enter the halfway point of April, PadMapper is reporting that the two most expensive rental cities in Canada have remained flat on a monthly basis for the first time since January 2020.

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