The self-employed borrower segment has grown significantly in recent years, as more Canadians start their own businesses and new technologies make various operations more accessible for small enterprises. However, when reviewing mortgage applications for home purchases, lenders tend to treat these clients with heightened...

On Wednesday, December 10, the Bank of Canada announced it would hold its key interest rate steady following an aggressive series of cuts over the previous year. Economists and market participants say this pause may encourage both buyers and sellers to return to the...

A recent analysis delves into the factors behind the dramatic surge in average residential property values over the past three decades within the Greater Toronto Area and across Canada. In its “Housing Market Drivers Report,” the real estate franchise Re/Mex examined nine major Canadian...

The Bank of Canada implemented a reduction in its benchmark interest rate, bringing it down to 2.25%. The central bank indicated that, barring any unforeseen economic shifts, it considers the current monetary policy stance to be “appropriately” calibrated. Citing persistent negative effects from U.S....

The Bank of Canada opted to maintain its benchmark interest rate at 2.75% for the second consecutive meeting on Wednesday, June 4, citing persistent inflation risks and unpredictable U.S. trade policies. Despite growing concerns over economic headwinds, policymakers chose a cautious stance, prioritizing stability...