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Bank of Canada cut overnight rate again amid ongoing trade war. What is next?

The Bank of Canada, as expected, lowered its key interest rate on Wednesday, March 12. Two prominent financial experts believe that this move will likely be followed by a phase of fiscal stimulus from the federal government, aimed at helping Canadians navigate the ongoing...
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Canadian employment growth slows in February, another rate cut by the Bank of Canada expected this week

In February, Canada’s job market showed little change, with only 1,100 new positions added. This marks a sharp contrast to the stronger gains recorded in December and January. The unemployment rate remained unchanged at 6.6%. The figures surprised some analysts, who had anticipated continued...
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Homeowners expect monthly mortgage payments to rise upon renewal in 2025. How to get the best mortgage rate at renewal without a stress-test?

As more than one million mortgages come up for renewal in Canada this year, a new survey says the majority of those homeowners expect to pay more in their monthly borrowing costs. A Royal LePage survey released Thursday, conducted by Hill & Knowlton, said...
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Despite January slowdown, Toronto Real Estate Board predicts strong home sales growth in 2025

2025 The Toronto Regional Real Estate Board (TRREB) is forecasting sales to grow 12.4 per cent in 2025. That means 76,000 properties will change hands across the region as lower mortgage rates increase affordability. TRREB expects the average sale price to reach $1,147,000, up...
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Bank of Canada’s January rate cut fuels housing market, but potential impact of Trump tariffs remains unknown

The Bank of Canada cut its key interest rate by 25 basis points (0.25%) to three percent on January 29, just ahead of the imposition of tariffs (the implementation date has been delayed for 30 days – Mortgagelegko.com) by the United States. TD Bank...
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