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As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say. Recent changes in zoning bylaws in cities across Ontario and Alberta have offered greater flexibility for building new secondary …
Read More »Bank of Canada expected to hold interest rate under planned pause on hikes – National
One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement. In making its rate decision next week, the central bank likely feels assured about its …
Read More »Bank of Canada not ready to hit the brakes on rate hikes yet, economists say – National
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial …
Read More »Expect more rate hikes from central banks despite a growing chorus of criticism
If you listen to the right group of top economists representing business, labour and global finance, you might decide that central banks are crazy to keep on raising interest rates. But on Thursday, in the face of that chorus of criticism, Bank of Canada governor Tiff Macklem insisted that despite …
Read More »Why it’s too soon to assume inflation and rate hikes are over
After some jumbo-sized interest rate hikes, there are likely a lot of Canadians who would like the Bank of Canada to just quit it already. Many in the real-estate business, some who want to lend you money or sell you investments, would be pleased if we all agreed that recent central bank rate hikes were …
Read More »Ontario should limit rent hikes between tenants, Toronto city hall committee says
Toronto city council is expected to consider a proposal this week to ask the Ontario government to prevent landlords from raising the rent as much as they want in between tenants. Council’s planning and housing committee says the province should introduce legislation that would end what is known as vacancy decontrol, which permits landlords to …
Read More »Bank of Canada all but certain to raise lending rates this week — with more hikes to come
The Bank of Canada is expected to raise its benchmark interest rate by half a percentage point on Wednesday, a move designed to rein in inflation, running at its highest level in decades. There’s a virtually unanimous view among economists that the bank will move its benchmark lending rate to 1.5 …
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