Home buyers in Toronto keep noticing lower prices and sales as the central bank follows the path of raising its key lending rate in attempt to curb the inflation. “Interest rates are tapping on the brakes (not pushing it sharply), which is necessary in...

On Wednesday, the Bank of Canada raised its key lending rate by 0.50% for the second time in a row and warned that it could act “more forcefully” in case it’s necessary for taming inflation. The decision to push the overnight rate to 1.5%...

While all the economic headlines focus on rising interest rates and slower sales, one change may have slipped away from the mass media – British Columbia’s provincial government plans to introduce a cooling-off period for homebuyers. In April, British Columbia passed Bill 12, amending...

While the Bank of Canada Governor Tiff Macklem is worried by an overheating national economy and tries to battle the record high inflation, his credibility is put in question. The central banker is facing critics from the opposition Conservative Party politicians, who are casting...

According to the recent survey conducted by Leger for BNN Bloomberg and RATEDOTCA, almost 40% of Canadian homeowners worry about their finances, and fewer than half can afford an increase in their monthly costs by more than $200. The poll asked 1,513 Canadians about...