The Canadian Real Estate Association says home sales in July were down compared with a year ago, but edged slightly higher month-over-month. By Daniel Johnson The organization said Tuesday home sales last month totalled 43,578, down 5.3% from the previous year. On a seasonally adjusted basis, activity was up 0.5% compared with June this year. […]

The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25%, according to people familiar with the matter. By Josh Wingrove, Jennifer A. Dlouhy and Alicia Diaz (Bloomberg) — The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian […]

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%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties […]

A new RBC poll finds most Canadians believe there is no perfect time to buy, as economic uncertainty, affordability pressures and rate expectations complicate purchase decisions. Most Canadians say there is no perfect time to buy a home, according to a new RBC poll that points to the uncertainty still hanging over the housing market […]

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%. The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic […]

Despite strong payment performance, a growing share of borrowers report difficulty keeping up and are cutting back on spending to stay current Most Canadian homeowners are still meeting their mortgage obligations, but many are doing so under growing financial pressure, cutting back elsewhere to keep up. True North Mortgage’s 2026 Mortgage Sentiment Survey, released today, found […]