According to BNN Bloomberg, the Ontario government will start acting by increasing its tax for non-resident homebuyers in case the federal government doesn’t fulfil its campaign promise to reduce foreign buying activity. “Ontario is ready to raise the Non-Resident Speculation Tax (NRST) to 20%...

The central bank keeps its 2% inflation target for the next five years. However, it’s been given an official right to overshoot it slightly in order to “support maximum sustainable employment.” On Monday, the Bank of Canada released a new mandate jointly with the Canadian...

Real estate in a city’s centre will always cost more, as residents from other areas have to waste more time to travel across the city. “Yes, it’s that simple,” – Stephen Poloz, former Governor of the Bank of Canada, says. “How can we solve...

On Wednesday, the Bank of Canada decided to keep its overnight rate at 0.25%, reiterating that its first post-pandemic rate increase may happen in the “middle quarters” of the next year. Although such a decision didn’t surprise any Bay Street economists, the BoC itself...

On Wednesday, the Bank of Canada decided to keep its key lending rate at 0.25%. However, it noted that an improving labor market and worries about inflation growth will probably keep forecasts of interest rate increases unchanged. The BoC Governor Tiff Macklem stated once...