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.
Why Canadian landlord groups say push to void ‘no pet’ clauses is ‘unfair’
As a petition is being pushed to end pet restrictions in rental housing, some organizations representing landlords in Canada are cautioning voiding such clauses in the proposed federal renters’ bill of rights could create conflicts.
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.
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.
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.
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.
