According to BMO Capital Markets senior economist Robert Kavcic, the central bank’s latest decision to raise its key lending rate is pushing the real estate market to an even stronger correction (prices decline) next year. In his opinion, the unexpected 1% rate increase by...

Canada’s real estate prices reported the largest monthly drop in at least 17 years, affected by growing interest rates. According to the Canadian Real Estate Association (CREA), the benchmark home price was down by 1.9% in June from May, marking the third consecutive month...

The central bank Governor Tiff Macklem’s largest rate hike in many years still hasn’t weakened his optimism about the nation’s outlook. While he surprised everyone by raising the Bank’s key lending rate by 1% to 2.5%, Macklem tried to support his hawkish tone on...

On Wednesday, the Bank of Canada raised its key lending rate by as much as 1%, which came as a surprises for many. Such a decision strengthens its attempts to withdraw stimulus before 40-year high inflation stays for long. Governor Tiff Macklem also warned...

Everyone predicts a 0.75% rate hike from the Bank of Canada on Wednesday. If the forecast is true, we’ll see the largest rate increase since 1998. As a result, the central bank’s overnight rate will go up to 2.25%, and a prime rate (affecting...