Mortgage Professionals Canada (MPC) released its annual report on the State of the Residential Mortgage Market. Canada experienced a turbulent year in 2020 as a result of COVID-19, but shifts in home-use habits and low interest rates contributed to the resulting strong market activity all across the country. The report was written by MPC’s Chief Economist Will Dunning, incorporating […]
Shes Connected
75% of U.S. and Canadian households are planning home improvements this Spring Black Friday
With the arrival of spring, the home improvement and renovation season is upon us. A new survey from Flipp, the go-to free shopping and savings app, reveals over three quarters of households across the U.S. and Canada are planning at least one home improvement project this spring. Even with the current COVID climate, shoppers are planning to set […]
Almost three quarters of homeowners are planning home improvements this year
As Canadian homeowners enter another year in a worldwide pandemic full of uncertainty, one thing is clear: home renovations and repairs are more popular than ever. In a recent survey by HomeStars, almost three quarters (74 per cent) of Canadian homeowners are planning to improve their homes in 2021. “Despite the pandemic, last year was incredibly […]
Canadians spend big on self-care throughout pandemic
An overwhelming majority of Canadians (98%) say their self-care habits are here to stay in a post-pandemic world, according to a Scotiabank Survey. Most Canadians (79%) are partaking in at least one self-care activity since the pandemic began and nearly 60% of those are spending an average of $282 on self-care in the past 12 months. The […]
Canadian housing market sees imbalances increase in large cities and smaller centres
Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada’s national housing market remains moderately vulnerable, with more pronounced vulnerabilities in large cities and smaller centres. This analysis is according to the Canada Mortgage and Housing Corporation (CMHC)Housing Market Assessment (HMA) released today.The current HMA is based on preliminary data up to […]