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Posted by: Dean Kimoto
Canada’s big banks are divided on how much further the Bank of Canada will cut, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead. The outlook for interest rates is becoming less clear-cut as Canada’s major banks rethink how far the Bank of Canada will go in its […]
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A key segment of Canada’s first-time homebuyer market appears to be delaying its purchasing plans. A new survey by real estate giant Royal LePage suggests renters are holding back, waiting for further price declines. The survey finds that 40% of renters, who considered buying before signing or renewing their current lease, are waiting for property […]
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Short-term vacation rental platform Airbnb said Friday that “thousands” of reservations in British Columbia are at risk of cancellation, accusing the province of rushing out regulations as it cracked down on the industry. Alex Howell, Airbnb’s Canadian policy lead, said in an interview that the rules requiring short-term rental hosts to confirm their listings are […]
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It’s been more than a year since the BC Financial Services Authority (BCFSA) introduced the optional wildfire clause for real estate transactions. With wildfire season upon us, now is the perfect time to refresh your understanding of how this clause helps manage risk in transactions. How it works The wildfire clause allows for a single extension of up to 30 days for completion, […]
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The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds. The Liberal government introduced legislation on June 5 to eliminate the GST portion from new home sales of up to $1 million for […]
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The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Since the April Monetary Policy Report, the US administration has continued to increase and decrease various tariffs. China and the United States have stepped back from extremely high tariffs and […]
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Quick Takes: On Friday, May 16th, the U.S. lost its final AAA debt rating. Canada’s AAA looks secure; net debt is 14% of GDP versus about 102% in the United States, interest costs absorb 9% of revenue compared with roughly double that south of the border, and Ottawa’s large pension assets keep every agency metric […]
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Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies. Non-bank mortgage lenders continued to see steady growth in Q4 2024, but the pace has slowed sharply compared to the boom years of 2021 and 2022, according to the latest figures from Statistics Canada. Interest rates, delinquency trends […]
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With markets nearly split—pricing in a 40% chance of a rate cut and a 60% chance of a hold—the Bank of Canada’s upcoming rate decision on Wednesday is still very much up in the air. And with fresh inflation data landing just one day before the announcement, Tuesday’s CPI report could be what ultimately tips […]
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A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines. By Sammy Hudes The monthly data provided by Rentals.ca and Urbanation, which analyzes listings in the former’s network, says rents were down 2.8% last month compared with March 2024. On a month-over-month basis, rents […]
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