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Posted by: Dean Kimoto
The Canada Mortgage and Housing Corp. says it sees signs of financial stress among homeowners in Toronto and Vancouver, with missed mortgage payments projected to steadily increase. First-time buyers who purchased during the COVID-19 pandemic when interest rates were lower also show greater signs of vulnerability. Figures from CMHC show that while missed mortgage payments […]
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Real estate activity in the Vancouver area got off to a slow start this year as residential sales in the region totalled 1,107 last month, down 28.7% from January 2025. Greater Vancouver Realtors says the number of properties that changed hands was also 30.9% below the 10-year seasonal average. The composite benchmark price for all […]
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The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth is being supported by strong […]
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In a bid to ease criticisms about housing affordability in the United States the current president has grabbed a lot of attention with a pitch for longer mortgage terms. He recently floated the idea of extending mortgage pay-back periods from 30 to 50 years. “All it means is you pay less per month. You pay […]
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This article is reposted from the Bank of Canada website October 29, 2025 The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. With the effects of US trade actions on economic growth and inflation […]
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Today’s Labour Force Survey for September was stronger than expected, with a net employment gain of 60,400, but the unemployment rate was steady at 7.1% as more people entered the workforce. The employment gain was driven by full-time work. The manufacturing sector–hard hit by US tariffs–added 27,800 employees, and agriculture, health care and other services […]
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Canada is “absolutely not” competitive on tax policy, said Bank of Montreal Chief Executive Officer Darryl White, who called on the federal government to cut taxes even if it means running a larger deficit. By Christine Dobby (Bloomberg) — Canada is “absolutely not” competitive on tax policy, said Bank of Montreal Chief Executive Officer Darryl […]
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Written by The Canadian Press Regional October 2, 2025 Vancouver-area home sales inched up in September from last year, but prices are still under pressure as sales stand well below long-term trends while listings rise, said Greater Vancouver Realtors. Vancouver-area home sales inched up in September from last year, but prices are still under pressure […]
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People hunting for homes and mortgages have had a lot of economic and market news coming their way lately. Probably the most significant is the Bank of Canada’s decision to lower its policy rate. As expected, the central bank trimmed a quarter of a point off its trendsetting interest rate, bring it to 2.50%. It […]
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Once a runaway train, Canada’s immigration-driven population growth has come to a grinding halt. By Randy Thanthong-Knight (Bloomberg) — Once a runaway train, Canada’s immigration-driven population growth has come to a grinding halt. For the second straight quarter, the country’s population changed nominally, compared with a quarterly growth rate of nearly 1% last year, according to […]
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