Bank of Canada cuts key interest rate to 4.5% with hints of more to come
The Bank of Canada’s policy rate, which broadly informs the cost of borrowing across the country, now stands at 4.5 per cent.
Wave of mortgage renewals drives owners to list homes, analysts say
The current supply would typically take more than five months to sell.
Open and closed in York Region on Canada Day
Malls such as Vaughan Mills and CF Markville will be open Canada Day while banks will be closed. We’ve put in our time. We’ve bundled up, scraped ice off of windshields, shovelled driveways, and braved the bitter, bitter cold. Now, finally, it’s here. We get our reward … that beloved time of year — the […]
Rent increases cap at 2.5% for 2025
The Ministry of Municipal Affairs and Housing released its annual rent increase cap ahead of the long weekend, keeping landlords of some properties to increases of 2.5 per cent or less for 2025.
Food inflation ticks higher in May for first time in nearly a year
Higher grocery prices continue to wallop Canadian household budgets, with food inflation ticking higher in May for the first time in nearly a year.
Statistics Canada is set to release the annual inflation rate for May on Tuesday.
Those easing price pressures have allowed the Bank of Canada to make a major shift in monetary policy, cutting its benchmark interest rate by a quarter of a percentage point earlier this month. The central bank uses its key interest rate to set the cost of borrowing broadly in Canada, easing or tightening the policy rate in an effort to restore inflation to its two per cent target.
BoC to start cutting rates in June, but greater risk is delay – Reuters poll
The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a Reuters poll said, although they also said the risk was the first cut would be later than that, rather than a surprise earlier move.
Bank of Canada hikes interest rate to 2.5% -biggest jump since 1998 Social Sharing
Canada’s central bank raised its benchmark interest rate by a full percentage point to 2.5 per cent. That’s the biggest one-time increase in the bank’s rate since 1998.
Statistics Canada says economy added 55,000 jobs in December, unemployment rate 5.9%
The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month, prompting public health restrictions that forced many businesses to close or curtail operations.
Report says tax on $1M+ homes could be key to making housing more affordable
An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.
