For the second time in two months, The Bank of Canada has raised its benchmark overnight rate by one-quarter of a percentage point to 0.75% today and has revised their economic prediction that the economy is unlikely to return to full capacity until the end of next year. “The global economic recovery is proceeding but [...]

Entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada, according to a recent report released by RE/MAX. The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, [...]