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Royal LePage predicts that the aggregate home price in Canada will rise six per cent by the end of 2025. Here’s how the Bank of Canada could affect the housing market next year. …
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The November jobs figures are the final major economic data release before the Bank of Canada makes its last interest rate decision of the year on Dec. 11. …
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The Canadian economy underperformed the Bank of Canada’s call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter. …
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Rhys Mendes said in a speech on Tuesday that, even though many Canadians may be clamoring for lower prices, an extended decline would not be good for consumers. …
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The Bank of Canada’s Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time. …
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The Bank of Canada’s governing council worried that the 50-basis-point rate cut would spark concern about the health of the Canadian economy, deliberations show. …
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Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans. …
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Movements south of the border could have more of an impact on the rates Canadian homeowners and would-be buyers can secure in the market than the Bank of Canada’s own rate cuts. …
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With lower interest rates available in the mortgage market, some Canadians might be considering a move or refinance. Here’s what to know about penalties for breaking a mortgage. …
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