Prime Minister Justin Trudeau is set to deliver a new mission for his cabinet at a three-day retreat in Charlottetown this week, in a bid to restore Canadians' sense of economic security and their confidence in his government.
Home prices in Canada continued to rise in July, according to the Teranet-National Bank composite index.
Canadians with variable-rate fixed-payment mortgages are seeing their amortization periods stretch to infinity amid high interest rates. Experts explain what's causing this and what the downstream effects could be for borrowers, default rates and the economy.
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
While the latest interest rate hikes might be helping to cool real estate activity in Canada, several smaller markets are seeing an annual increase in the average price per square foot of a home, according to a new survey. CTVNews.ca has compiled a list of cities with some of the most and least expensive home prices, based on the average cost per square foot.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.
July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.
Housing Minister Sean Fraser says the federal government should have never got out of the housing business even as high-income professionals are struggling to find affordable housing.
From local zoning to community consultations, there are plenty of ways cities are hitting the brakes on residential construction, even as Canada faces a significant housing shortage.
Even with a much cooler housing market, 2023 may still present opportunities for both buyers and sellers in Canada, one real estate broker says.
Regardless of whether or not the country sees a recession in the near future, it’s still a good idea to create a financial action plan to help mitigate your risks. Personal finance contributor Christopher Liew shares some practical tips to help you and your family prepare.
From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best value on their real estate investment.
Keeping up with a monthly mortgage payment is becoming more difficult by the year. When combined with increasing inflation rates, owning a home has caused some Canadians to struggle with making their payments. Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind.
Many Canadians are questioning whether or not it's the right time to purchase real estate. Contributor Christopher Liew breaks down the factors to keep in mind if you plan on shopping for real estate in the near future.
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Prices have been easing slightly recently, but affording a mortgage is still a very difficult task for many Canadians. How much of a mortgage can you afford? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.
Amid a series of interest rate hikes recently implemented by the Bank of Canada, some homeowners may be concerned about keeping up with their mortgage payments. For those who are worried about being able to afford their home, experts say there are a number of tools available to help, including mortgage deferrals and debt restructuring.
No one earning minimum wage was able to rent out an average apartment last year without spending more than one-third of their income on housing, a recent report has found.
A Canadian family offering to pay rent for the next two years in advance can't find a place to live in a suburb north of Toronto. Adrian Ghobrial reports on the rental housing crisis that has demand soaring and prices skyrocketing.
Conservative Leader Pierre Poilievre says he has apologized to a woman in Niagara Falls, Ont. for calling her home a 'tiny little shack' in an attempt to illustrate high housing costs in the area.
A new report says the average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes, population expansion and low unemployment.
According to Kijiji’s rental market report, Vancouver has maintained its position as the priciest city for renting, while eight out of the top 10 most expensive cities to rent are in Ontario.
Data suggests renters in 36 of Canada's 50 largest cities earn 60 per cent less than the minimum required income needed to buy a starter home.
Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data.
Rents in Canada are up 9.6 per cent over 2022, with the average monthly asking price for a residential unit now $2,002, according to Rentals.ca.
The fire fight on both shores of Lake Okanagan continues after the British Columbia government brought in travel restrictions to free up space for thousands of evacuees who have been forced out of their homes.
The break that firefighters defending the capital of the Northwest Territories got at the start of the weekend due to rainy weather is expected to end today, as temperatures are forecast to climb into the 20s.
Evacuees from the Northwest Territories have begun arriving in Winnipeg as their northern homes remain under a state of emergency.
Winnipeg police say former New Democrat MP Romeo Saganash has been charged with sexual assault.
The B.C. government is using the extraordinary powers granted to it under its state of emergency declaration to implement a restriction on tourism-related travel to areas affected by wildfires.
The B.C. government has declared a province-wide state of emergency due to the growing number of aggressive wildfires threatening communities.
Ukrainian President Volodymyr Zelenskyy on Sunday vowed stern retaliation for a Russian missile strike in the centre of the northern Ukrainian city of Chernihiv that killed seven people and wounded nearly 150 others the day before.
A Russian missile attack in the centre of a northern Ukrainian city on Saturday killed seven people and wounded over a hundred others, including children, Ukrainian officials said.
Mutinous soldiers in Niger are under pressure from regional sanctions as they refuse to reinstate the country's president whom they toppled nearly a month ago while being fearful of attacks from France, an official said.
The Chinese military launched drills around Taiwan on Saturday as a 'stern warning' over what it called collusion between 'separatists and foreign forces,' its defence ministry said, days after the island's vice-president stopped over in the United States.
The remains of 114 people have been found, most of them yet to be identified. And Hawaii Gov. Josh Green has said the death toll will rise for the foreseeable future as the painstaking search for remains continues in the heaps of rubble and ash in Lahaina, a seaside community of 12,000 and a tourist hotspot on Maui.
The leader of mutinous soldiers who ousted Niger's democratically elected president said Saturday night that they will return the country to civilian rule within three years.
Costly groceries are forcing some to take extra time to price match and use coupons. Here's how they do it.
Giving analogue photos new digital life can resurface long-buried memories and make them feel fresh. It can bring back the roar of the water in old vacation snapshots, resurrect long-gone relatives in their prime and rekindle the warmth of a childhood pet's unconditional love.
Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall.
Spain won its first Women's World Cup title less than a year after a player rebellion, holding off England 1-0 on Sunday after Olga Carmona's first-half goal.
Davis Schneider hit a tiebreaking solo homer and Jordan Romano worked out of a jam in the ninth inning, sending the Toronto Blue Jays to a 4-3 victory over Elly De La Cruz and the Cincinnati Reds on Saturday night.
Max Homa experienced the potential for disruption with betting at PGA Tour events when he said a fan yelled in the middle of his five-foot birdie putt Saturday in the BMW Championship.
Across the developing world, many countries are fed up with America's dominance of the global financial system, especially the power of the dollar.
General Motors' Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city.
San Francisco has launched an autonomous shuttle service -- less than a week after California regulators approved the expansion of robotaxis despite traffic and safety concerns.
Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control.
A hulk of dented, torn and scorched metal that was, decades ago, a Ferrari race car just sold at an RM Sotheby’s auction in California for $1.9 million.
If you live in Montreal or Vancouver and own an electric car, finding somewhere to charge it is likely as easy as a quick search of an app. If you live almost anywhere else in Canada, the struggle to find a charging station is real.
Ron Cephas Jones, a veteran stage actor who won two Emmy Awards for his role as as a long-lost father who finds redemption on the NBC television drama series "This Is Us," has died at age 66, a representative said Saturday.
A B.C. Realtor and television star is among those whose property has been destroyed by the McDougall Creek wildfire in West Kelowna.
A New York City drug dealer was sentenced Friday to 10 years in prison for providing "The Wire" actor Michael K. Williams with fentanyl-laced heroin, causing his death.
A shortage of diabetes drug Ozempic that is used off-label for weight loss is expected in Canada, the manufacturer says.
The approval of a fast-acting, short-term medication in the United States to treat postpartum depression has Canadian maternal health experts and advocates hoping people north of the border will soon have access to the same treatment.
Newly appointed Health Minister Mark Holland says he doesn't want to go waving a stick around as he negotiates the final details of a health accord with provinces and territories, and it'll largely be up to Canadians to hold them accountable.
Prime Minister Justin Trudeau is set to deliver a new mission for his cabinet at a three-day retreat in Charlottetown this week, in a bid to restore Canadians' sense of economic security and their confidence in his government.
Winnipeg police say former New Democrat MP Romeo Saganash has been charged with sexual assault.
Canada's housing shortage has become a major issue in federal politics as people struggle to afford home prices and rent. But in some Indigenous communities, inadequate housing is nothing new.
Russia reported an "abnormal situation" Saturday on its moon-bound Luna-25 spacecraft, which launched earlier this month.
At least two brands have said they will suspend advertising on X, the platform formerly known as Twitter, after their ads and those of other companies were run on an account promoting fascism. The issue came less than a week after X CEO Linda Yaccarino publicly affirmed the company’s commitment to brand safety for advertisers.
Microsoft said on Thursday it would pull the plug on Xbox 360's online store and marketplace next year, as it focuses on its latest consoles and subscription service Game Pass.
