Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

Posted On Oct 14, 2024

Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.                                                                             With the country...

Economy to grow moderately, rates to fall below three per cent next year: Deloitte

Posted On Sep 26, 2024

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.In the company’s fall economic outlook released Thursday, it forecasts the central bank...

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations

Posted On Sep 18, 2024

The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”Key measures include raising the insured mortgage limit to $1.5 million, which will expand access for Canadians in...

Bank of Canada set to announce third consecutive interest rate cut today

Posted On Sep 04, 2024

OTTAWA — The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut.Encouraged by slowing inflation, the central bank has lowered its policy rate at its last two...

Ontario sets new planning rules intended to boost home building

Posted On Aug 22, 2024

Ontario’s housing minister announced a new set of planning rules Tuesday, which he said will set the stage for a “long-term building boom.” Paul Calandra announced the new Provincial Planning Statement at the Association of Municipalities of...

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

Posted On Aug 14, 2024

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates.An estimated 2.2 million mortgages have either come up for...