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It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history in a bid to tame rampant inflation, and the Canadian economy looks vastly different. As the Bank of Canada delivered the first of what would be 10 interest rate hikes …
Read More »Winnipeg’s office vacancy rate to tick higher downtown, tighten in suburbs: report – Winnipeg
Nationwide, investors in real estate are anticipating a positive take on the market, highlighted by a new report from CBRE. But while the nation is expecting a recovery of commercial real estate investment, the situation is not easily comparable in Winnipeg. CBRE’s Canada Real Estate Market Outlook states that foreign investment …
Read More »The Bank of Canada’s rate decision will reflect inflation’s difficult ‘last mile’ – National
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin. Inflation has cooled significantly from highs of 8.1 per cent …
Read More »N.S. woman decries power rate increase amid cost-of-living crisis: ‘When does it end?’
As Nova Scotians already struggle with the rising cost of living, people across the province now have to deal with yet another hit to their wallets: a rate increase from Nova Scotia Power. The power rate for residential customers went up by an average of 6.5 per cent as of …
Read More »Interest rate cuts could come in spring this year, Deloitte says – National
By Staff The Canadian Press Posted January 4, 2024 8:24 am Descrease article font size Increase article font size Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring. The firm’s economic outlook report predicts …
Read More »Housing market 2024: What to expect with rate cuts in the forecast – National
After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024. But when that bottom hits, and how fiercely home sales and prices rebound, is a question dogging some Canadians who continue …
Read More »As interest rate decision looms, here’s what to expect in the fall housing market – National
Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that home prices are expected to remain flat nationally from August …
Read More »‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes – National
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 »‘Socks Off’ seeks to ward off Ontario’s high rate of diabetes-related foot amputations
An Ontario doctor says taking ‘Socks Off’ in a primary care setting could be a step in the right direction in reducing a rising number of lower limb amputations across the province connected with diabetes and vascular disease. Hamilton Health Sciences (HHS) together with the Greater Hamilton Health Network (GHHN) …
Read More »Increasing vacancy rate in Kelowna best path to improving housing affordability: City
Descrease article font size Increase article font size Groundbreaking for a new apartment building which is expected to bring some relief to Kelowna’s tight rental market is scheduled for Wednesday. The building will be located at the former Building Blocks daycare at Gordon Drive and Lawrence Avenue. PC Urban Properties …
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