Tag Archives: Interest Rates

The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut. The board said 6,213 homes changed hands in the month compared with 7,429 in June of …

Ontario housing minister Paul Calandra expressed confidence that the Bank of Canada’s interest rate cut on Wednesday will help spur housing development as the province struggles to realize its goal of constructing 1.5 million homes by 2031. Calandra told reporters he was “very relieved” interest rates had finally been cut …

The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.” Last month, …

By Staff The Canadian Press Posted December 12, 2023 9:59 am Descrease article font size Increase article font size A new report says more Canadian businesses are missing debt payments. The report by Equifax Canada says overall delinquencies for businesses in the third quarter rose 3.4 per cent compared with …

Rising interest rates and market uncertainty continued to impact the sale of new condos in the Toronto region over the summer months, according to a new report. The number of condos sold through the period failed to reach the 3,000 mark, although the market showed some signs of improving, the …

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 …

Conservative Leader Pierre Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation. And while most fiscal experts agree that government spending can fuel inflation, economic research suggests the link between the two …

Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes after …

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

It has not been an easy year for Canadians financially. Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices. On Wednesday, the Bank of Canada hiked its key interest rate for the seventh time in …