Economy
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
Another quarter-point drop is on the table this week, but economists with Canada’s ‘Big Five’ banks are by and large thinking bigger.
Oct 21, 2024
Economy
How Key Are Interest Rate Cuts To Restoring Housing Affordability?
Ahead of the expected October rate cut, we take a look the role cuts will play in restoring housing affordability and what other factors might have a larger role to play in Canada's quest for attainable housing.
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Toronto
Toronto Ranks 5th Most At Risk For Housing Bubble Globally
Toronto's risk score improved in 2024, though slower rent and income growth have kept the city in "elevated" risk territory.
Luxurious Lawrence Park South Estate Boasts (Numerous) New Renos
Tucked away in a quiet corner of Lawrence Park South, this Tudor-style home offers a welcoming oasis, just around the bend from Yonge and Lawrence's best.
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.
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.
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.
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