Real estate experts agree that the Bank of Canada’s latest rate cut will spur activity in the new year, warming up markets during the winter months. The Bank of Canada on Wednesday sharply cut its key interest rate again by 50 basis points (0.50%)...

GTA home sales jumped again last month year-over-year, with real estate experts saying the latest 0.50% interest rate cut in October was enough to lure buyers back into the market. The Toronto Regional Real Estate Board (TRREB) reported that 5,875 homes were sold in...

The new year is just around the corner, and for 1.2 million mortgage holders in Canada, that means it’s time to renew their home loans. According to a report released by the Canada Mortgage and Housing Corporation (CMHC) last month, 85 per cent of...

Starting today, some mortgage borrowers will have an easier time switching lenders thanks to the elimination of the stress test’s higher rate qualification requirement. OSFI, Canada’s banking regulator, announced in September that it would eliminate the minimum qualifying rate (MQR) requirement for direct swaps...

Canada’s inflation rate rose to 2% in October, more than expected and raising doubts about whether the Bank of Canada will cut interest rates as much as previously predicted next month. Statistics Canada reported Tuesday morning that the consumer price index (CPI) rose from...