Real Estate

The tax-free First Home Savings Account, which launched in April with a $8,000 per year and total contribution limit of $40,000, is currently available at seven financial institutions.

The Bank of Canada has raised its overnight lending rate to 5%—the highest level in 22 years.

On Friday, July 14, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of June 2023 along with an updated forecast.