Nearly half a million Canadians took advantage of the new First Home Savings Account (FHSA) in its debut year, according to newly released tax filing data from Statistics Canada.

Canada’s building permit activity picked up in February, rising 2.9% to $13.1 billion, according to new data from Statistics Canada.

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more interest rate cut this year, Scotiabank is standing firm in its view that the central bank is already done.

New multi-unit buildings across Canada should be required to make their parking spots electric-vehicle ready as a possible way to spur EV uptake, a report released Wednesday suggested. 

The Bank of Canada appears increasingly reluctant to cut rates further, with minutes from its March 12 meeting showing that its most recent move was driven largely by rising uncertainty over a potential trade war with the U.S.

While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets.

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking.

Wild swings in the stock market can be difficult to stomach for many investors, let alone young Canadians who are just starting their investing journey. 

As prepayment penalties climb, many borrowers are left in the dark about the true cost of breaking their mortgage. Now, a first-of-its-kind tool is bringing much-needed transparency, helping borrowers and brokers assess whether making a move could le...

Homebuyers looking to bridge a financing shortfall sometimes consider asking the seller for help. One option that occasionally comes up is a vendor take-back (VTB) mortgage, where the seller lends a portion of the purchase price to the buyer, typical...