Economy
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.
Jul 25, 2024
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.
Country Calling: Get To Know Sherwood Park, A Beloved Alberta Hamlet
For those who prefer to opt out of urban life without being too far removed from modern comforts, hamlets like Sherwood Park, Alberta are a perfect landing place.
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.
Economy
Housing Affordability Will Improve, But Won't Soon Reach Pre-Pandemic Levels: Desjardins
According to a new report from Desjardins, some prospective buyers may find opportunities in late 2024 and early 2025.
Mortgages
“I'm 50/50 At This Point”: Is Another Interest Rate Cut Coming In July?
We spoke to experts from across the industry, including the Chief Economist at BMO, the Chief Market Analyst at TRREB , and the owner of a leading mortgage brokerage to get their forecasts for the July 24 announcement.
Economy
Record-Breaking Population Growth Means More Expensive Homes: Economists
In 2023, Canada saw its highest population growth since 1957. While immigration is vital to the country's vibrant fabric and social and economic health, simply put, more people means more expensive housing.
Mortgages
What The Interest Rate Cut Means For Canadians: Experts
This morning, Canada’s central bank said it would drop its interest rate by 25 basis points to 4.75%.
Economy
Bank Of Canada Cuts Interest Rate For First Time In Four Years
The 25-basis-point cut brings the policy rate to 4.75%, and marks the first cut since the Bank of Canada kicked off this hike cycle in March 2022.
Economy
Where Every Big Bank Stands On Tomorrow's Interest Rate Announcement
With the next Bank of Canada interest rate announcement slated for tomorrow, speculation is rampant, with some experts convinced that we will — finally — see the first cut of the cycle.
Mortgages
How Much An Interest Rate Cut Will Save Average Canadian Homeowners
Canadians from coast to coast are eagerly anticipating some relief on the interest rate front come Wednesday, June 5th, when the Bank of Canada holds its latest rate announcement.
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