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Mortgage Delinquencies on the Rise as Canadian Homeowners Face Financial Pressure
Canadian homeowners are experiencing mounting financial challenges as mortgage delinquencies increase, even as the Bank of Canada continues to reduce…
Understanding the Bank of Canada's Jumbo Rate Cut: Economic Implications and Future Moves
Bank of Canada's jumbo rate cut signals urgent economic adjustments, aiming to stimulate growth amid fluctuating conditions. Future decisions hinge…
Breaking a Mortgage: How to Minimize Penalties as Rates Fall
With recent rate cuts by the Bank of Canada, many Canadian homeowners are considering breaking their mortgages to secure lower…
Bank of Canada’s Latest Interest Rate Cut: Can Monetary Policy Alone Solve Economic Challenges?
The economic relationship between Canada and the United States is deeply interconnected. With the U.S. Federal Reserve taking a cautious…
Bank of Canada Delivers Major 50 Basis Point Rate Cut as Inflation Returns to Target
The Bank of Canada reduced its benchmark interest rate by 50 basis points on Wednesday, marking the fourth consecutive rate…
How Does Bond Yield Affect Mortgage Rates in Canada?
When it comes to understanding mortgage rates in Canada, one key factor often discussed is the bond yield. Bond yields,…
Expert Anticipates Significant Interest Rate Reduction by Bank of Canada Next Week
Recent data from Statistics Canada indicates that the nation’s inflation rate has declined to 1.7%, falling below the Bank of…
Inflation Rate Falls to 1.6% in September
Canada’s inflation rate dropped to 1.6% in September, down from the 2% target achieved in August, according to Statistics Canada.…
Feds Introduce Mortgage Refinancing Program to Boost Secondary Suites and Address Housing Shortage
Starting January 15, 2025, Canadian homeowners will have the opportunity to access up to 90% of their home’s value through…
Rate Cuts Have Had Minimal Impact on Housing Affordability: RBC Economist
According to Robert Hogue, an economist at the Royal Bank of Canada (RBC), recent interest rate cuts by the Bank…
Former Bank of Canada Official Predicts Significant Rate Cut in October
A former member of the Bank of Canada’s governing council has suggested that the central bank should consider a substantial…
Bank of Canada's Interest Rate Prediction for 2025
Bank of Canada’s Latest Interest Rate Update and Its Impact The Bank of Canada recently announced a 25 basis point…
How Canada’s New Mortgage Rules Will Impact Your Home Buying Plans
Starting December 15, 2024, Canada will introduce new mortgage rules aimed at helping more Canadians buy homes. These changes include…
Is It Time to Break Your Mortgage?
If you’re in the middle of your mortgage term, you might be considering a rate or mortgage change. However, breaking…
Bank of Canada Interest Rate Decisions
On September 4, 2024, the Bank of Canada made its third consecutive interest rate cut, lowering its key rate to…
Inflation Reaches Bank of Canada's 2% Target
The Current Inflation rate in Canada is 2% as of August 2024 Consumer Price Index Growth Slows to Lowest Level…
Federal Government Raises Mortgage Cap to $1.5 Million, Expands 30-Year Amortization
The federal government is taking steps to address the housing affordability crisis by raising the cap on insured mortgages to…
Ontario Sales Tax
The Harmonized Sales Tax (HST) in Ontario is 13%. The Harmonized Sales Tax (HST) is applied to most goods and…
First Time Home Buyers Mortgage: Everything you need to know.
Explore the comprehensive guide for first-time homebuyers in Canada, covering mortgage options, the mortgage stress test, pre-approval process, and tips…
Bank of Canada Sees Less Risk of Housing Market Overheating as Demand Softens
The Bank of Canada observes reduced housing market overheating risks due to cooling demand and ongoing affordability challenges. Elevated borrowing…
Canadian Real Estate Faces The Worst Market Since 90s Recession: CIBC
Canadian real estate faces its toughest market conditions since the 90s recession, particularly in the Toronto condo market. High investor…
Canadian mortgage rates have fallen to a 17-month low following the Bank of Canada's recent rate cuts
Canadian mortgage rates have fallen to a 17-month low following the Bank of Canada's recent rate cuts, presenting new opportunities…
What is the current Prime Rate in Canada and How is it Set?
The prime rate in Canada is a benchmark interest rate set by financial institutions, influencing the rates for various lending…
Bank of Canada Lowers Interest Rates for the second consecutive time to Support the Economy
The Bank of Canada has cut interest rates again, lowering the overnight rate to 4.50%. This move aims to control…
Inflation Falls to 2.7% in June, Driven by Slower Growth in Gas Prices: StatCan
Canada's inflation rate dropped to 2.7% in June, primarily due to slower growth in gasoline prices. Statistics Canada notes a…
Which Single Factor Could Derail the BoC's Rate Cuts?
Wage growth remains the key factor that could derail the Bank of Canada's planned rate cuts, despite stability in the…
Canadian Unemployment Could Surpass 7% Without Timely Interest Rate Cuts: National Bank
Canadian unemployment could exceed 7% if interest rates are not cut soon, warns a National Bank economist. The labour market…
Bank of Canada to Delay Rate Cuts Until September, Deloitte Reports, Amid Continued Economic Recovery
The Bank of Canada will delay interest rate cuts until September, according to Deloitte, as the economy recovers. Inflation rose…
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