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Is the Bank of Canada finally done hiking rates?
As was widely expected, the Bank of Canada delivered a second consecutive rate hold today, leaving its key benchmark rate at 5.00%.That was welcome news for variable-rate mortgage holders, who won’t...
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Managing Mortgage Payment Difficulties: A Comprehensive Guide
Facing difficulties with your mortgage payments can be stressful, but there are steps you can take to navigate this challenging situation. In this guide, we'll walk you through the key strategies for...
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Real estate activity continued to ease in August
Sales of existing homes continued to moderate in August following the Bank of Canada’s latest interest rate hikes in June and July.Sales fell 4.1% from July and are now 10% below their pre-pandemic...
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Canada lost jobs in July, unemployment rate rises to 5.5%
The Canadian economy unexpectedly lost 6,400 jobs in July, according todatareleased this morning from Statistics Canada.The overall employment figure consisted of a loss of 8,100 part-time positions...
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