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 […]

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 […]

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 […]

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 […]

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 […]

Oxford Economics says Canada’s economy will stay weak through 2025, with housing activity picking up but prices still expected to slide into 2026. Oxford Economics expects Canada to remain on the edge of recession through 2026, warning that broad-based weakness across the economy shows little sign of easing. The outlook was shared during the firm’s […]

Not all “first-time buyers” are created equal. Here’s how the rules differ across Canada’s most-used programs. If you’ve been poking around the idea of buying your first home in Canada, you’ve probably noticed that “first-time homebuyer” doesn’t always mean what you think it does. Different programs, federal and provincial, define it in different ways, and that […]

Governor Tiff Macklem says the central bank will examine how its policies affect housing demand and affordability as part of its 2026 framework renewal. The Bank of Canada will consider how its policies affect housing affordability as part of its next five-year monetary policy framework review. In a speech delivered Tuesday in Mexico City, Governor Tiff […]