While Canada’s main political Parties have been doing a lot of talking about getting people into homes, actual construction continues to lag. The latest figures from Canada Mortgage and Housing Corporation show housing construction, in the country’s six biggest metropolitan areas, increased by a mere 1.0% in the first half of 2023, compared to a […]

Real estate listings in the country’s largest metro areas continued to grow in September while buyer demand is trending downward. The shifting market dynamic was so pronounced in the greater Vancouver and Toronto areas that they are now officially in a buyer’s market. New listings in the GTA were up 44% in September to a […]

The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like. The comments were made by BoC Deputy Governor Nicolas Vincent during a speech on Tuesday on the topic of pricing practices and monetary policy. Vincent said the way in which businesses […]

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week as bond yields continue to rise. On Thursday, the Government of Canada 5-year bond yield briefly surged to an intra-day high above 4.41%. It pulled back slightly, but remains at a 16-year high. As a […]

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. Rate-watchers say mortgage providers could hike rates by anywhere from 20 to 30 basis points (0.20% to 0.30%). “Fixed rates should be up 20 bps on this news, however if the […]

When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are working to slow the economy. “[Governing Council] members agreed that data since their last decision had shown more clearly that demand was slowing, and excess demand was diminishing as monetary policy gained […]