On Wednesday, the Bank of Canada raised its key lending rate by 0.50% marking its largest increase in 22 years. It also warned that rates will keep going up as it aggressively fights inflation that has reached a 30-year record high level. The central...

It looks like we may see the first cracks in one of the world’s hottest real estate markets. Just a month ago, bidding wars between 20-60 potential homebuyers were quite common in Vancouver. Today, occasionally only a single offer appears, and some buyers even start...

While fixed mortgage rates keep going up, variable-rate borrowers are getting ready for their own hikes, as the central bank is expected to raise its key lending rate by 0.50% this week. All of Canada’s Big 6 banks now predict such a decision from...

Although Canada’s federal government considers the spending in its new budget reasonable, prominent Bay Street economist David Rosenberg says the additional fiscal stimulus may lead to even more rate increases from the central bank than it was initially planned. “We are practically a fully-employed...

According to CTV National News, on Thursday, the federal government will present a significant crackdown on foreign homebuyers in its federal budget. The feds are expected to ban residential home purchases by foreign nationals for the next two years. The ban may include condos,...