Economy

bank of canada interest rate
Opinion

When Will Rates Drop? It Depends On Who You Ask

What many Canadians may be unaware of is that fixed interest rates have already dropped 75 basis points from their peak last fall.

Economy

For The Fifth Time, Bank Of Canada Holds Interest Rate At 5%

Although inflation ticked down in January, the BoC has long maintained that a sustained trend of low inflation needs to be seen before rate cuts can be considered.

Economy

Bank Of Canada Will Be ‘Watching Housing Carefully’ As It Deliberates Cuts To Come

Experts say that the Bank of Canada will be careful not to do or say anything that might trigger the spring housing market.

Economy

Canada Still On Track For Spring Interest Rate Cut: Economists

“We expect five 25-basis-point cuts to the Canadian and US overnight rates this year, with further easing likely to follow in 2025.”

Economy

Canada In Store For 1.25% Interest Rate Cut In 2024: CIBC

In its latest provincial forecast, CIBC Capital Markets predicts that the country could be in store for a 125-basis-point rate cut this year.

Economy

Interest Rates Won't Fix Housing Affordability: Macklem

The BoC head instead pointed to other aggravating factors, like the lack of housing supply, exacerbated by "zoning restrictions, delays and uncertainties in the approval processes, and shortages of skilled workers."

Economy

Bank Of Canada Holds Key Interest Rate At 5% For Fourth Straight Time

The hold was largely expected, with many economists predicting in the weeks leading up to Wednesday's announcement that a rate cut was not yet on the table.

Economy

Wednesday Expected To Bring Rate Hold, ‘Key Forward Guidance’ From BoC

Far too many indicators, inflation included, are still too erratic for the BoC to approach the topic of interest rate cuts, economists warn.

Economy

Inflation Accelerated In December. What Does That Mean For Interest Rate Cuts?

"The Bank of Canada’s job is getting inflation under control. When there’s a setback like this, that should realistically postpone any possibility of a rate cut."​

Economy

It's Happening Again: Promise Of Rate Relief To Spark Spring Housing Market

Though the presumed timing of rate cuts should help to boost home sales, TD’s Rishi Sondhi tells STOREYS that prices may not follow suit and are expected to slip though the first quarter and flatten in the second.

Economy

Canadian Housing Markets Could See “Seasonally Strong Spring" With Expected Rate Cut

TD Economist Marc Ercolao forecasts that the first interest rate cut will come in April, and if this happens, spring could bloom in several local housing markets.

Economy

Economists Forecast BoC Will Ease Interest Rate To 4.25% By Year End

In the meantime, Canada is weathering a “modest” recession, and home prices are expected to fall an additional 5% to 10% by mid-2024, and 22% peak to trough.

Renting

As Shelter Costs Soar, One Economist Says Rent Control Rules Are To Blame

Capital Economics’ Stephen Brown explains that sticky rent inflation is the product of “unusually large rent increases” as tenants turnover in provinces like Ontario, where rent control rules only apply to units occupied before 2018.