On October 24th, the Bank of Canada raised its overnight benchmark rate by another quarter point to 1.75 per cent, the fifth such increase since the summer of 2017, which is having (more...)
The past year has taken a severe toll on Canadian real estate markets, especially in vital areas such as the GTA. A new mortgage stress test, introduced in January, coupled with steadily (more...)
The Bank of Canada’s most recent rate hike on July 11, 2018, was telegraphed well in advance, with some economic arguments to support it, such as healthy employment and a rise in (more...)
As we move into the hot, lazy days of summer, many economists are predicting that a recovery in the Canadian housing market is on the horizon for the second half of 2018, (more...)
Many economic factors are combining to make mortgage renewals a much more difficult process for many Canadians in 2018. Over the past year, interest rates have been on the rise for both (more...)
Rising mortgage rates over the past year and the new stress test for mortgage applicants, which commenced January 1st, 2018, have had a significant slowdown effect on key areas of the Canadian (more...)
Canadian households have enjoyed a long period of ultra-low interest rates for the past decade, initiated by the global recession in 2008 and sustained by the oil price meltdown of 2014, as the (more...)
Many analysts are anticipating that our central bank will leave its key overnight lending rate unchanged at 1.25 per cent on March 7th. The appetite for another rate increase has diminished with (more...)
After only a month into 2018, many of us are still holding to our pledges, either by resolutions, wishes or perhaps just quiet determination, shared among a few people close to us, (more...)
The many moving parts that constitute Canada’s economy are showing mixed signals for the first three quarters of 2017. Strong exports and a hot housing market powered our economy in the first (more...)
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