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Toronto, Vancouver home sales boom as buyers seek bigger spaces

Toronto, Vancouver home sales boom as buyers seek bigger spaces

December 3, 2020 | Posted by: Maurice Kwok

The work-from-home trend continues to increase property sales and prices outside the core areas of Toronto and Vancouver, while depressing downtown condo prices as buyers seek bigger spaces. Home sal ...

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Britain approves Pfizer and BioNtech COVID-19 vaccine

Britain approves Pfizer and BioNtech COVID-19 vaccine

December 2, 2020 | Posted by: Maurice Kwok

Britain will begin a nationwide vaccination program next week after the country’s medical regulator announced on Wednesday that it had approved a COVID-19 vaccine developed by Pfizer Inc. and Bi ...

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Canadian economy surges in third quarter but set to cool amid new COVID-19 restrictions

Canadian economy surges in third quarter but set to cool amid new COVID-19 restrictions

December 1, 2020 | Posted by: Maurice Kwok

Canada’s quarterly gross domestic product report has confirmed that the economy roared back to life over the summer months, but economists are now more concerned that the resurgence of the COVID ...

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Home prices in cottage country jump 15 to 40 per cent across Canada amid COVID-19

Home prices in cottage country jump 15 to 40 per cent across Canada amid COVID-19

November 30, 2020 | Posted by: Maurice Kwok

Home prices have spiked in resort towns, cottage country and tourist areas across most of Canada, as the pandemic’s work from home trend pushes buyers to escape the city for nature and more spac ...

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CERB recipients should be prepared to pay income tax on payments, experts say

CERB recipients should be prepared to pay income tax on payments, experts say

November 27, 2020 | Posted by: Maurice Kwok

The Canada Emergency Response Benefit was a financial lifeline for many when COVID-19 forced businesses to shutter and brought the economy to a screeching halt in the spring. And while the $500-a-wee ...

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Should you get a fixed-rate or variable mortgage?

Should you get a fixed-rate or variable mortgage?

November 24, 2020 | Posted by: Maurice Kwok

One of the classic personal-finance questions that mortgage borrowers face when they renew is whether to go with a variable rate or lock in a fixed rate for five years. It turns out that financial con ...

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‘Too early’ to say how well Canadian mortgage holders are doing after payment deferrals ended

‘Too early’ to say how well Canadian mortgage holders are doing after payment deferrals ended

November 23, 2020 | Posted by: Maurice Kwok

Bank of Canada deputy governor Toni Gravelle cautioned that “it’s too early to be definitive” about how well Canadian mortgage holders are faring with the expiry of COVID-19 payment- ...

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Food prices drive Canada's inflation rate higher than expected as the price of lettuce skyrockets

Food prices drive Canada's inflation rate higher than expected as the price of lettuce skyrockets

November 21, 2020 | Posted by: Maurice Kwok

OTTAWA — Canada’s annual inflation rate unexpectedly accelerated to 0.7 per cent in October, up from a year-over-year increase of 0.5 per cent in September, mainly on higher food prices, S ...

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Ottawa’s new rent-relief program to accept applications starting Monday

Ottawa’s new rent-relief program to accept applications starting Monday

November 20, 2020 | Posted by: Maurice Kwok

Entrepreneurs across the country will be able to apply to the Canada Revenue Agency for pandemic rent relief on Monday, nearly two months after Ottawa’s previous rent program was wound down foll ...

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Bank of Canada warns climate change will have profound impact on economy

Bank of Canada warns climate change will have profound impact on economy

November 19, 2020 | Posted by: Maurice Kwok

OTTAWA — Climate change will have a profound impact on Canada’s economy and the country must mobilize quickly to mitigate the threat as well as capitalize on opportunities, the Governor of ...

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