People are buying more condos as housing affordability gets tight. 1 in 2 home sales in Vancouver and Victoria is a condo. In Edmonton, Calgary and the GTA, it’s about 1 in 3. CMP
- Do you need a down payment for your first home? Canada’s Home Buyers Program lets you and your spouse each withdraw $20,000 from your RRSP to make the purchase–tax and interest free. Halifax Daily News
- “At this point, we see a rate hike in July as a near certainty,” says TD Securities economist Jacqui Douglas. That comes despite news that Canada’s May inflation rate was 2.2%–a bit tamer than expected.
- Over the past 10 years the Bank of Canada has never stopped raising rates after just one increase. Vancouver Sun
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Last modified: April 25, 2014
