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Higher mortgage rates are making some Canadians question value of home ownership - National

Canadians are feeling more mortgage stress amid higher interest rates, according to a new CMHC survey, and it's affecting some attitudes about the overall housing market.

Higher mortgage rates are making some Canadians question value of home ownership

Canadians are feeling more mortgage stress amid higher interest rates, according to a new CMHC survey, and it’s affecting some attitudes about the overall housing market.

IKEA suppliers accused of using forced Belarus labour: report

IKEA furniture was allegedly produced by prisoners in Belarus penal colonies under forced labour conditions, according to a new report by the French non-profit investigative journalism network Disclose.

Christmas tree prices expected to increase

A New Report Shows Just How Wildly Unaffordable Canadian Housing Prices Have Become

If you're looking to buy a house, now might not be the time. Canada's Parliamentary Budget Officer (PBO) has published a report showing that a reduction in the average house price since the beginning of this year has done little to improve the market for Canadians across the country.After a 52% increase in the average house price across Canada brought on by the pandemic, the PBO witnessed a slight decrease of 7% nationwide. But this doesn't mean housing is that much cheaper the average house price in several cities, including Montreal, is still over 50% higher than what the PBO considers affordable for residents.

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