9 h. ago More Canadians are holding back on buying homes amid recession fears

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.The BMO Financial Group released its latest Real Financial Progress Index on Monday, revealing that many Canadians are taking a "wait and see" approach as the possibility of Canada descending into an economic recession increased from 60 per cent to 74 per cent from March to April 2025."Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, senior economist at BMO Capital Markets."There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario."The BMO survey examined how concerns about the economy have impacted prospective homebuyers' decisions.It found that over two-thir...

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11 h. ago Recession fears put Canadians’ homebuying plans on hold, says BMO survey

Even with prices on the decline, 56% of people said they feel they 'missed their moment' to buy a home

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19 h. ago SMBs Sound the Alarm: 85% of Small Business Owners Fear Recession

National study by LegalShield reveals 85% of small business owners are anxious about tariff impact Company’s internal data shows uptick in SMB collections, billing disputes and bankruptcy inquiries at levels not seen since 2020 ADA, Okla. — Small business owners across America are increasingly concerned about economic uncertainty and the impact of potential tariffs, according […]

Economics

3 d. ago Traders Draw Down LME Copper Stocks as Chinese Market Tightens

Traders including Trafigura Group and Mercuria Energy Group Ltd. are drawing down stocks of copper on the London Metal Exchange, as strong Chinese buying tightens the market for the bellwether metal despite fears of recession.

Economics

1 week ago What is ‘stagflation’? A closer look at the economic ‘double kiss of death’

Recession fears loom large for Canadians as the country grapples with U.S. President Donald Trump's tariffs. But economists are also warning of 'stagflation.' What is it?

Events

1 week ago Here’s how important homeownership is to building wealth in Canada

The chances of buying a home for children of families who rent is notably different from those from families who own

Economics

1 week ago Ravi Jani Promoted to Chief Financial Officer at The Real Brokerage

Finance leader brings over 15 years of finance and real estate experience to support Real’s next phase of growth and shareholder value creation TORONTO & NEW YORK — The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced the promotion of Ravi Jani to Chief […]

Events

1 week ago Most Americans expect higher prices as result of Trump’s tariffs, new AP

WASHINGTON — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half of U.S. adults say that […]

Economics

1 week ago Here's the salary you need to earn to afford a home in Toronto right now

It may be one of the worst times in years to try and sell a home in Toronto, but conversely, those in the market to buy a property may be able to land themselves somewhat of a deal (relative to the city's infamously ludicrous prices, that is).Prices are finally starting to erode in the face of a terribly stagnant market, most notably in the condo sector, where fewer units are changing hands than ever in the last three decades.According to the latest data from the Toronto Regional Real Estate Board (TRREB), the average price of the typical GTA condo fell 2.6 per cent from March 2024 to the month prior, while the average price of a home of any type is down a similar 2.5 per cent over the same period.Sales have dropped a staggering 23.1 per cent year-over-year, while active listings have shot up 88.8 per cent, giving buyers the advantage of choice and negotiating power.As such, along with a Bank of Canada mortgage rate cut in March, the annua...

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1 week ago Ragdoll kittens and cats surrendered after report to help line: B.C. SPCA

A buyer reported a kitten in terrible condition after taking it home from an 'irresponsible' breeder in Nanaimo

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1 week ago Real’s March Agent Survey: Spring Market Outperforming Expectations Despite Macro Uncertainty

Survey Highlights Relative Resilience in Existing Home Sales Recovery TORONTO & NEW YORK — The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its March 2025 Agent Survey. Nearly half of agents said the spring selling season is shaping up to […]

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2 w. ago The wild card in the White House makes mortgage borrowers opt for ‘safer’ choice

Robert McLister: If you’re a homeowner or buyer who values certainty over the gamble of extra savings, you’re in luck

Events

2 w. ago Gavin Newsom urges Canadians to return to California beaches, B.C. tells him to pound sand

Housing Minister Ravi Kahlon tells Canadians to 'hold the line' as California Governor urges tourists to return to his state

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2 w. ago Californa tries to lure Canadians back, but B.C. minister says ‘hold the line’ on travel

'Today we launched a new international campaign focused on encouraging Canadians to come visit the great state of California,' Gov. Gavin Newsom says in a video.

Politics

2 w. ago Hardly anyone is building or buying homes in Ontario anymore as market flops

Apologies for sounding like a broken record about the state of Ontario's housing market, but you may want to check on your realtor and homeowner friends, because things have been pretty dire out there — and worsening — for well over a year now.Politicians continue to emphasize the pressing need for more housing to keep up with the nation's record immigration-led population growth, but meanwhile, a raft of unsold houses and condo units have been languishing on the market for far longer than usual, especially in the GTA.As the number of homes switching hands remains at rock-bottom lows, developers have had to radically pull back on new construction, with some even putting entire projects into receivership.It seems like a never-ending cycle of diminishing sales numbers, less construction and ever-lower confidence in the market from stakeholders on all sides.And, with prices failing to budge much due to how much sellers paid in the first place — bec...

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3 w. ago What’s new at Nat Bailey this season? There’s plenty already, and still more to come

The Vancouver Canadians hold their Northwest League home opener Tuesday at the venerable Nat, the grand old ballpark that's been undergoing renovations or much of the winter

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3 w. ago Australia’s Leaders Vow Housing, Tax Cuts at Dueling Rallies

Australia’s two major parties held their 2025 election campaign launches within hours of each other on Sunday, revealing plans to allow residents to tax deduct their mortgages and setting aside billions of dollars to build new houses for first-time home buyers.

Politics

3 w. ago Amid ‘Buy Canadian’ surge, should travel at home get you a tax credit?

Canadians are looking within their borders to travel, but some say governments making travel tax credits available could spur even more trips.

Economics

3 w. ago With recession fears looming, what comes next for the loonie?

As stock markets and commodities like oil ride a trade war roller coaster, the Canadian dollar has been showing resilience inching back above 70 cents USD. Where will it go next?

Other

3 w. ago The Real Brokerage to Host First Quarter 2025 Earnings Conference Call

TORONTO & NEW YORK — The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, will release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, before the market open. The Company will hold a conference call to discuss operating […]

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