The possible changes of variable mortgage rates have been widely discussed recently in terms of the central bank’s decisions on its benchmark policy rate. That rate, affecting variable rates future, remained at 0.25% in the Bank’s latest announcement on January 26, marking one more...

An increase in new condos built in Toronto still couldn’t absorb the sharp demand growth in 2021. According to Urbanation, new condo sales in the GTA reached 30,844 units last year, marking a 69% annual gain and almost hitting the previous sales record of 31,216 units...

According to the recent poll by BNN Bloomberg, almost one-in-five Canadians who bought a property during the pandemic already had several real estate objects. The remaining number is split between first-time homebuyers and upgraders or downsizers. The survey was conducted online from Jan. 7-9...

Variable rate mortgage holders have a good reason to celebrate today – the Bank of Canada made unexpected decision on Wednesday and left its key lending rate unchanged at 0.25%. At the same time, he made it quite clear that rate hikes are coming....

Only one day left to the central bank’s first rate meeting this year. And the main thing here is that whether Governor Tiff Macklem and the Bank of Canada decide to start raising rates on Wednesday or not, it seems quite obvious that rates...