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Posted by: Dean Kimoto
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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Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking. If you’re in the market for a mortgage this spring, you’ve probably noticed fixed rates are continuing to trend lower. That’s thanks in large part to falling bond […]
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Canadian Inflation surged to 2.6% in February, much stronger than expected. The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers […]
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US president vows massive retaliation to Ontario energy tariffs, repeats annexation threats Donald Trump’s trade war continued to roil financial markets on Tuesday as the US president announced he was doubling tariffs on Canadian steel and aluminum and vowed massive further retaliation against Canada for Ontario’s electricity surcharge. The S&P 500 slid to a six-month […]
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President Donald Trump has officially confirmed that tariffs on Canadian and Mexican imports will go into effect on March 4, 2025, following his comments earlier this week suggesting a delay. Trump plans to impose a 25% tariff on imports from Mexico and Canada, while applying a reduced 10% tax on Canadian energy products, including oil […]
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Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics. With additional Bank of Canada rate cuts expected this year, the bank argues that variable-rate mortgages could offer borrowers more savings over the long run. “With borrowing costs more likely to fall than rise—and by […]
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Canada’s inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March. Canada’s headline inflation rate rose by 1.9% year-over-year in January, a slight increase from December’s 1.8% and in line with expectations. The increase in headline CPI was largely driven by higher […]
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After the Bank of Canada’s latest rate reduction 5-year variable mortgage rates are now on par with their fixed-rate counterparts, raising the question: Is now the time to go variable? With additional Bank of Canada rate cuts expected, variable-rate mortgages are becoming an increasingly attractive option. But choosing flexibility comes with its challenges—borrowers must weigh potential […]
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Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end. That would be a full 100 basis points (one percentage point) lower than BMO’s current forecast, which expects the Bank of Canada’s rate […]
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Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs. The federal housing agency said its analysis shows that a one per cent increase of housing prices in a destination city […]
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