Why Hasn’t the Much-Feared “Mortgage Deferral Cliff” Happened?
byIn May, the CMHC forecast up to an 18% drop in average house prices within 12 months.
Finance
Face Masks and Shields to Be Sold Tax-Free Starting Next Week
byAs long as they meet certain specifications.
Home Office Expense Claims Up to $400 to Be Permitted This Tax Season
byThe Government of Canada just announced.
CIBC Deputy Chief Economist Predicting Strong Second Half of 2021 for Canadian Economy
by“People are dying to spend and guess what, they’ve got the cash.”
Bank of Canada Will Once Again Hold Key Interest Rate at 0.25%
byThe interest rate will be kept at this level until its inflation objective is achieved.
Canadian Economists Now Expect Property Prices in Major Cities to Drop By 2%
byWhile Toronto is forecast to see a decline of 3%.
How Will Canada Pay Back its $343 Billion Deficit?
byWill there be a new COVID tax?
COVID Forced You to Work From Home? Here’s What You Can Write Off
bySome of your rent, mortgage, and hydro could be written off.
What the Changes to CMHC’S Mortgage Requirements Mean for Homebuyers
byTD believes the changes will “disproportionately” impact first-time homebuyers.
More Than $180 Billion in Mortgage Deferrals Made in Canada So Far Amid COVID: Report
byRepresenting roughly 15% of the number of mortgages in Canadian bank portfolios.