Economy

housing starts, interest rates
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.

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.

Economy

"Calm is Good" In Canada's Housing Market: BMO

"When it comes to Canadian housing, calm is good​," writes head BMO Economics economist Douglas Porter.

Economy

RBC Now Forecasting First Bank Of Canada Interest Rate Cut In June

"As labour markets continue to weaken and inflation readings in Canada also come lower, all ducks seem to be in a row for the Bank of Canada to start cutting the overnight rate as soon as June, with 100 basis points of total cuts expected for this year."

Finance

Both Renters And Mortgage Holders Flagged In Bank Of Canada Financial Stability Report

“Every year the Bank publishes this Report to offer an assessment of the stability of Canada’s financial system and highlight risks that could threaten that stability,” said Bank of Canada Governor Tiff Macklem at a press conference in Ottawa yesterday.