Falling home prices starting to bite Canada’s economy, says CIBC
The economics of building new homes in Canada are now “simply broken,” sparking a macroeconomic drag that CIBC…
Why a potential Bank of Canada interest rate cut is no silver bullet for mortgages and housing
CIBC economist Benjamin Tal says the Bank of Canada’s overnight rate “is very close to neutral already,” meaning…
Young Canadians face ‘recessionary’ job market as key barriers pile up
A record 54,000 people signed up for a summer job fair held in Toronto this July. (Nick Lachance/Toronto…
Housing market might need a mindset shift, not another Bank of Canada rate cut, say experts
Mortgage broker Ron Butler says that for middle-class families, the half-a-percent rise in fixed mortgage rates in recent…