How a Bank of Canada cut might affect housing, mortgages as U.S. tariffs intensify
In the face of ongoing uncertainty over U.S. tariffs, the relief offered by an expected Bank of Canada interest rate cut on Wednesday is unlikely to revive Canada’s sluggish housing market, industry experts say.
Warren Buffett: Tariffs are ‘an act of war’
“Tariffs are actually — we’ve had a lot of experience with them — they’re an act of war, to some degree,” Buffett said in an interview with CBS that aired on Sunday.
“The Tooth Fairy doesn’t pay ‘em!”
Bank of Canada cuts key rate by 50 basis points in oversized step
The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control.
‘No one has $70,000 dollars lying around’: Toronto condo owners facing massive special assessment
Many condominiums like to keep maintenance fees as low as possible but this could cause issues when you need to do a major repair. When buying a condo, it’s always advisable to check it’s financials carefully and see if any special assessments are pending.
How Ontario watered down a landmark housing law as new builds hit the brakes
Ontario’s ambitious target of building 1.5 million new homes by 2031 was slipping away and looking near impossible to achieve, with the government admitting aggressive changes were necessary.
High borrowing costs, record condo completions lead to oversupply in Greater Toronto
Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
The Bank of Canada cut rates again. And more to come
The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead.
Toronto area new home sales continue to plummet, hit all-time low in July
Changes in interest rates will not solve what is an ongoing structural problem, particularly evident in the GTA. The cost to build, driven by excessive government fees and taxes, is simply too high. Without immediate action by government, new construction activity will continue to slow and the GTA’s housing shortage will reach unprecedented levels over the next few years.
UPDATED: Body of Anita Mui, missing Markham realtor, found in Parry Sound
A few days following her disappearance, on Aug. 12, police said officers with the Ontario Provincial Police reported that burned human remains were found near Avro Arrow Road and Highway 400 in McDougall Township, part of the district of Parry Sound, more than 200 kilometres from where she went missing.
Canada’s inflation rate extends its cooling streak in July, keeping BoC on track to cut rates
Canada’s annual inflation rate slowed to 2.5 per cent in July, according to Statistics Canada, down from 2.7 per cent in June, supporting expectations for a third consecutive interest rate cut from the Bank of Canada next month.
