BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook
4/16/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered ...
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Canada housing starts slide unexpectedly
4/15/2025 | Posted in New Developments by Jessi Sandhu
Housing supply crisis shows little sign of improving ...
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Canadian Housing Demand and Prices Slide Further in March
4/15/2025 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home sales fell on a month-over-month basis once again in March 2025, as rising tariff turmoil and uncertainty is keeping home buyers on the sidelines. ...
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Bank of Canada faces fresh pressure to cut rates amid economic gloom
4/7/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Surprise employment figures and trade uncertainty raise odds of another BoC cut within weeks ...
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Canada's housing market braces for impact as a fresh wave of tariffs looms
4/1/2025 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The exposure of the Canadian economy to the US "clouds the entire picture for the housing market," says chief economist ...
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Further Bank of Canada cuts still likely in 2025 despite cautious language
3/25/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank is treading carefully on the question of lowering rates again, but it may have no other choice ...
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Canada's banking regulator considers alternative to mortgage stress test
3/11/2025 | Posted in Home Buyers by Jessi Sandhu
Canada’s top banking regulator is considering a new approach to mortgage risk management that could replace the current stress test with stricter rules on how much banks can ...
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Tariff Uncertainty Keeping Home Buyers on the Sidelines
3/17/2025 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home sales fell sharply from January to February, as home buyers remained on the sidelines in the first full month of the ongoing trade war with the United States. ...
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Economists react to the Bank of Canada's 25-bps rate cut: What's next for rates?
3/12/2025 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty ...
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Canadian fixed, variable mortgage rates could tumble in trade war
3/5/2025 | Posted in Interest Rates by Jessi Sandhu
Trudeau says Trump is using the tariffs to destroy the Canadian economy and annex Canada as political leaders and economists weigh in on the growing crisis. As a result, the Bank ...
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New Listings Jump to Start 2025 as Tariff Uncertainty Weighs on Sales
2/18/2025 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the ...
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CMHC predicts home sales, prices to rebound in 2025, but tariff threat clouds outlook
2/5/2025 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook ...
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Are Canadian interest rates about to nosedive?
2/4/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Tariffs are off the table for now – but both fixed and variable rates could still tumble ...
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Fourth Quarter Housing Data Hints at Home Sales Rebound for 2025
1/15/2025 | Posted in Canadian Housing Market by Jessi Sandhu
With much of the early fall surge of supply having now been picked over, home sales activity recorded over Canadian MLS® Systems dipped in December 2024. ...
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Here's what economists expect the Bank of Canada to do in 2025
1/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists at Canada’s major banks don’t expect interest rates to move quite as dramatically in 2025 as they did in 2024, but they still see various sources of drama ...
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Will it be easier or harder for Canadians to buy a home in 2025?
1/2/2025 | Posted in Canadian Housing Market by Jessi Sandhu
It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the country. ...
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Bank of Canada rate cuts save housing market from collapse, says economist
11/25/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain. ...
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Canadian Home Sales Edge Up Again Following Third Interest Rate Cut
10/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Following the Bank of Canada's third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of ...
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Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch
10/8/2024 | Posted in Government and Regulation by Jessi Sandhu
The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ...
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10/10/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring following ...
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Homeowners won't face mortgage stress test if renewing with new lender: OSFI
9/26/2024 | Posted in Home Owners by Jessi Sandhu
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ...
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Canada Building Permits Surge in July, Far Exceeding Expectations
9/13/2024 | Posted in New Developments by Jessi Sandhu
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 ...
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Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ...
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Canadian house prices could rise by up to 6% in steady fall market
9/3/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Interest rate cuts should spark buying activity says RE/MAX Canada ...
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The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ...
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Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ...
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Fledgling Canadian Housing Market Momentum Hits Pause in July
8/15/2024 | Posted in Canadian Housing Market by Jessi Sandhu
While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a ...
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Canadian Housing Activity Perks Up in June
7/12/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the month. ...
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More Canadians only making minimum payment on credit cards: TransUnion
5/29/2024 | Posted in Financial Health by Jessi Sandhu
A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ...
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