The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly revised 13% decline in the previous month.

One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.

CBRE report ranks Toronto as 4th-best North American market, has largest job growth since 2018