We have already written several times that the process of buying/selling real estate is associated with significant costs in addition to the down payment. This includes the Land Transfer Tax and attorney fees, realtor services (for sales), inspections, real estate valuation, etc. For example,...

In January 2022, all conditions were ripe for the start of raising interest rates. The annual inflation rate reached 4.8 percent in the previous month, more than twice the Bank of Canada’s target. Downplaying the risk of inflation from 2021, central bankers were very...

After Statistics Canada reported Tuesday morning that Canada’s annual core inflation rate fell for a fourth straight month in April, economists say all signs point to the Bank of Canada entering a rate-cutting cycle this summer. The headline consumer price index rose 2.7% from...

Members of the Bank of Canada’s governing council disagreed on how long to hold interest rates before cutting them. Some board members advocated a more cautious approach to cutting rates, according to a recently released central bank report on discussions. “Some board members stressed...

Financial market watchers say many Canadian banks are raising their proposed fixed mortgage rates, despite signs that a Bank of Canada rate cut is possible in the coming months. Even though Canada’s central bank has opened the door to cutting rates by mid-year, economic...