Economy
Economy
Inflation Cools To BoC Target, Igniting Calls For 50-Bps Rate Cut In October
Desjardins Economist Randall Bartlett tells STOREYS that August's inflation print marks a “turning point” for interest rates and an indication that better days are ahead for the housing market.
Sep 17, 2024
Economy
Bank Of Canada Cuts Interest Rate For Third Consecutive Time
Wednesday's announcement from the Bank of Canada brings the policy interest rate down to 4.25%.
Economy
Where Every Big Bank Stands On Tomorrow’s Interest Rate Announcement
Economists with Canada’s ‘Big Five’ banks are unanimously calling for an interest rate cut tomorrow, but there is some diversity in views when it comes to the announcements to follow.
Real Estate News
Canadians Lead US International Home Sales In Slowest Year On Record
US international sales were down 37% last year, but Canadians fleeing high prices made up the bulk of buyers, ahead of China and Mexico.
Private Island With Luxurious 6-Bed Cottage Listed On Lake Muskoka
The sprawling estate also offers a tennis court, Nordic-style spa amenities, a helipad, and more.
Mortgages
Housing Affordability Has Improved In 80% Of Major Markets. So Why Doesn’t It Feel Like It?
Despite recent data demonstrating 'continued improvement’ in Canadian housing affordability, anyone experiencing said market in real-time can attest that it doesn't actually feel that way.
Economy
BMO Forecast Puts Interest Rate At 3.5% By January
Come mid-2025, interest rates could drop as low as 3%, a revised forecast from BMO shows.
Economy
Interest Rate Cuts Not The “Magic Solution” To Housing Imbalance, Experts Warn
“It would be a mistake to pin all of our hopes on our housing imbalance on interest rates. Canadians need a more fulsome, more coordinated policy response than that.”
Economy
The BoC Came Through With A Rate Cut. Economists Are Already Anticipating Another
Economists with CIBC, BMO, and Desjardins are optimistic that the Bank of Canada will deliver on a third interest rate cut in September.
Taxes
Easing Does It: Bank Of Canada Lowers Interest Rate By Another 0.25%
Wednesday’s cut brings the policy interest rate down to 4.5%, and was by and large anticipated by economists with Canada’s ‘Big Five’ banks.
Economy
Where Every Big Bank Stands On Tomorrow's Interest Rate Announcement
Recent data releases have been encouraging on the interest rate front, and economists with CIBC, RBC, and BMO are optimistic that we will see a quarter-point cut from the Bank of Canada tomorrow.
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
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