Canada’s housing market witnesses largest affordability improvement in four years: National Bank

Toronto/IBNS: Canada’s housing market has witnessed the largest improvement in affordability in nearly four years in the first quarter of 2023, according to a report from economists at the National Bank of Canada.

Russia-Ukraine War hits Canada's economy as gas prices surge amid through-the-roof housing costs

Ottawa/IBNS: Canada witnessed a surge in its average cost of gas per litre due to the ongoing Ukraine-Russia crisis and adding to the woes of buyers, the housing prices in the North American country proliferated by 21 percent in January compared to the year ago period.

Canada's annual pace of housing starts lower in January: CMHC

Ottawa/IBNS: Canada's annual pace of housing starts in Jan 2022 slowed compared with Dec 2021, Canada Mortgage and Housing Corp (CMHC) reportedly said.