Canada’s real estate industry has sharply lowered its expectations for 2026 home sales, projecting a 5.2% annual decline as higher mortgage rates and renewed inflation concerns threaten to keep buyers sidelined through the final months of the year. The Canadian...
Canada’s resale housing market lost momentum in September as rising fixed mortgage rates pushed buyers back to the sidelines. National home sales fell 2.3% from August, the Canadian Real Estate Association said Friday, October 16, reversing part of a summer...
The Bank of Canada announced it is holding its overnight rate at 2.25%, with the Bank Rate remaining at 2.5% and the deposit rate at 2.20%, respectively. “Financial conditions have been volatile, reflecting daily developments in the Middle East and shifting market...
The Bank of Canada has announced a new slate of rate cuts. The nation’s central bank reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. With this announcement, the Bank of Canada noted the...
The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...