Bank of Canada raised the rate again and here’s how specialists reacted to it The central bank raised its key lending rate for the third time in half a year due to strong economic performance. However, its next decision may depend on the outcome of...

Many Canadians worry about their finances because of higher interest rates The latest report by Ipsos shows that Canadians are feeling extremely worried about their debts. More and more borrowers are close to losing the ability to pay all their monthly bills, as they are influenced...

National home sales rose 4.5% in December, prices are up 5.7% from last year The Canadian Real Estate Association (CREA) decided to cut its forecast for home sales in 2018 by about 8,500 units and now expects a 5.3% decline to 486,600 sales this year....

Big banks are raising posted mortgage rates On Thursday, Royal Bank of Canada decided to raise its posted five-year fixed mortgage rate. TD follows the suit on Friday. And while such news wouldn’t be so significant earlier, this time it’s a different story. Today, most Canadians have...

Household debt levels in Canada are not that terrifying The current record high level of household debt in Canada caused speculations about a possible market bubble. However, one of the country’s largest commercial lenders says the situation is not so terrifying. According to National Bank...