The Canadian real estate market continued to rise in May, with home sales showing their first rise since June 2021 and the average price rising year-on-year for the first time in a year. Findings released by the Canadian Real Estate Association (CREA) on Thursday...

Last month, Canada’s job market showed certain signs of softening. However, according to a Desjardins economist, the Bank of Canada will probably not see it as a sign that its rate-hiking cycle aimed at reducing inflation is finally working. A recent report by Statistics...

The Bank of Canada’s unexpected decision to raise its key lending rate will lead to higher mortgage costs, experts say. On Wednesday, the BoC increased its overnight rate by 0.25% to 4.75% – only one in five economists in a Bloomberg Survey predicted such a...

On Wednesday, the central bank didn’t follow the general forecast and raised its key lending rate by 0.25% to 4.75%, saying that the national economy keeps running too hot. Governor Tiff Macklem’s decision led the overnight lending rate to the highest level since 2001....

Last month, housing prices in some of Canada’s most populated cities went up, showing resilience against higher interest rates. According to the latest report by Keefe, Bruyette & Woods, home prices rose by 8% in Toronto and by 7% in Vancouver during the previous...