September 17th, 2025 The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global economic growth is showing signs… Read More

Global News ~ August 2nd, 2025 With the Bank of Canada holding interest rates again, economists and real estate experts say the housing market’s “new normal” may be looking more and more like the “old normal” from before the COVID-19 pandemic. “What we have now with more supply in the […]

Canadian Mortgage Trends ~ July 28th, 2025 As a tariff storm blew in from south of the border earlier this year, many industries in Canada, including the home building sector, feared the unknown ahead of them. With stakeholders already keenly aware of the need to rapidly scale up housing supply […]

Financial Post ~ July 11th, 2025 A large mortgage renewal wave is approaching, with many homeowners facing a tougher financial road ahead than others, a report by TD Economics says. “About 60 per cent of outstanding mortgages will renew by the end of 2026, and 40 per cent are expected […]

Financial Post ~ June 17th, 2025 There is a diversity of views among members of the Bank of Canada’s governing council on the best path forward for interest rates as they assess the pressures that trade disruptions could have on inflation, according to a summary of their deliberations released on […]

Robert McLister: Oil spikes only become a real headache if war-fuelled inflation drags on for more than a matter of monthsFinancial Post ~ Jun 20, 2025 Few economic shocks rattle family budgets more than rising borrowing costs. That’s one reason why wars that rocket oil prices are bad for Canadians’ […]

CTV News ~ June 5th, 2025 TORONTO — Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up — with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday shows. A […]

OTTAWA – On Wednesday, June 4, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Click here to read the full statement.

Global News ~ May 31st, 2025 A generation ago, it would have been unthinkable for many Canadians to carry the mortgage on their home into retirement. But for many on the cusp of retirement now, that’s no longer the case. A survey of 1,626 Canadians conducted by real estate firm […]

Financial Post ~ May 9th, 2025 Mortgage rates need to drop to three per cent to get Canada’s housing market and homebuyers fired up again, say some industry watchers. The lowest rate for a five-year fixed-rate mortgage, preferred by many Canadian buyers and homeowners, is currently 3.74 per cent, according […]