Autumn has arrived and the markets continue to cool
Home sales in Canada declined for a sixth straight month in August according to the latest report from the Canadian Real Estate Association. Compared to July the [...]
Bank of Canada Announcement
September has arrived and the central bankers are back from their summer vacations. With that they resume setting interest rates and fighting inflation. Leading up to today [...]
Bank of Canada increases overnight rate to 2.50%
As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update on [...]
Affordability Concerns
With inflation and interest rates continuing to rise there are renewed concerns about housing affordability in Canada. Statistics Canada pegged the inflation rate at 7.7% in May, [...]
Bank of Canada Announcement
Today the Bank of Canada announce they are increasing its trendsetting interest rate by .50% bringing the overnight rate to 1½%. This is the second consistent oversized [...]
Bank of Canada maintains policy rate and forward guidance
The Bank of Canada has stayed the course on interest rates in its final scheduled announcement of the year, indicating no change to its projection that its [...]