Many Canadian borrowers are relieved that the Bank of Canada is continuing the cycle of rate cuts it began in mid-2024. Those with variable rate mortgages have been particularly relieved. However, fixed mortgage rates haven’t fallen at the same pace, leaving some potential homebuyers...

Canada’s annual inflation rate eased to 1.8% in December, thanks in large part to temporary tax breaks from the federal government. Statistics Canada’s latest Consumer Price Index report found that spending on restaurants and store-bought alcohol contributed the most to the slowdown. The federal...

GTA home sales fell slightly last month, ending a “transitional” year in which buyers had an overwhelming advantage over sellers. The Toronto Regional Real Estate Board (TRREB) reported that 3,359 homes were sold in the GTA in December, down 1.8 per cent from 3,419...

The new mortgage rules announced by the federal government in September, which make it easier for many buyers and existing homeowners to qualify, finally took effect on December 15. Here are some key highlights. Higher Purchase Price and Longer Amortization on insured mortgages to...