The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%, but it warned that rate hikes could resume if the Canadian economy shows advanced signs of fraying. “The Canadian economy has entered a...
Brokers and agents affiliated with RE/MAX Canada are predicting a softer housing market this fall due to the nation’s interest rate climate and lack of inventory. The newly published Fall Housing Market Outlook Report is forecasting that more than half of Gen Zs (55%)...
Mortgage lending conditions in Canada became significantly tighter during the first quarter of this year, according to the Senior Loan Officer Survey published by the Bank of Canada. The new data report found 35.62% of Canadian financial institutions tightened their...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
