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Posted by: Dean Kimoto
Canadian banks are set to report first-quarter results that analysts expect will show an earnings boost from trading as well as muted loan growth amid a still-tepid housing market. By Ian Bickis Banks have been able to drive their earnings higher in recent quarters despite economic headwinds as their capital markets divisions have benefited from […]
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The country’s housing market was stone cold in January and the Canadian Real Estate Association is blaming the weather – or at least the weather in parts of southern Ontario. Record setting snowfalls and ferociously cold temperatures appear to have kept house hunters indoors. Seasonally adjusted sales were down nearly 6.0% in January compared to […]
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The province’s new program lets eligible first-time buyers purchase with just two per cent down through select credit unions, but brokers warn the trade-offs could limit flexibility and increase long-term costs. Nova Scotia’s new pilot program to help first-time homebuyers enter the housing market is drawing national attention, as industry experts assess how the initiative […]
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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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