The Bank of Canada today cut its key interest rate by a quarter percentage point to 4.75 percent for the first time in four years. Here’s what this could mean for your finances and the real estate market. What does this mean for consumers?...

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...