Economic Indicators

Decorative pattern

Economic Indicators

Canadian economy, GDP not measuring up

The latest news on Canada’s economic growth has been disappointing, revealing a sputtering economy. In spite of the growth rates seen earlier this year in Q2, the September GDP dipped by 0.1% and as for Q3 results, the GDP came in at 1.0%, disappointing the general expectation of 1.5% and the Bank of Canada forecast […]

By Staff |November 30, 2010

2 min read

Decorative pattern

Economic Indicators

Home affordability improves: RBC

For the first time since 2009, housing affordability has improved in Canada, according to a report from RBC. In the third quarter of 2010, mortgage rates dropped and home prices declined. “The improvement in affordability during the third quarter has relieved some of the stress that had been mounting in Canada’s housing market over the […]

By John Powell |November 29, 2010

3 min read

Decorative pattern

Economic Indicators

Canadians to curb holiday spending: RBC

It looks as if Canadian shoppers will be clutching their purse strings more tightly this holiday season. According to an RBC survey, about one-third (31%) will be spending less on all of their holiday expenses this year. More to the point, they are planning to shell out $100 less, an average of $624. RBC also […]

By John Powell |November 10, 2010

1 min read

Decorative pattern

Economic Indicators

Mortgage debt soars 7.6%

Canadians owe a record $1.01 trillion through their mortgages, an increase of 7.6% over last year. But most appear comfortable with their debt load, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). The organization’s sixth Annual State of the Residential Mortgage Market report found that 84% believed they could handle an increase of […]

By Steven Lamb |November 8, 2010

1 min read