While the central bank raises its key lending rate and makes it obvious that more increases are coming, the red hot housing market in Canada’s biggest city is finally cooling down slightly. “We can see significant declines in certain areas of more than 20%...

The recent report by RBC Economics shows that growing inflation and borrowing costs will influence all Canadian households, but will have the strongest impact on low income Canadians. Economists at RBC say an increase of the central bank’s key lending rate to 2% will...

On Monday, the Bank of Canada Governor Tiff Macklem said another half percent rate increase is being considered in attempt to cool down inflation showing the highest results in 30 years. He says the decision to raise the rate by 0.50% in April (for...

According to an expert Mike Moffat of the University of Ottawa’s Smart Prosperity Institute, speculation by Canadians who invest in the housing market is definitely one of the factors supporting a significant prices increase. He says the focus on speculation by foreign buyers ignores the issue...

Today, traders predict a 0.75% rate increase by the central bank, following the Governor Tiff Macklem’s words that sharp rate hikes have the potential to restrain inflation that’s at a 30-year record high level. Last week, Macklem made the first half percent increase among Group...