interest rates
Economy
Bank Of Canada Cuts Interest Rate Down To 3%, Lowest Since 2022
Wednesday’s quarter-point cut is in line with messaging that Governing Council will be taking a more “gradual approach” to monetary policy, after delivering 50 bps cuts in both October and December.
Jan 29, 2025
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
The economic climate over the past month has been turbulent enough to spur a fresh wave of speculation.
Finance
STOREYS' Story Of The Year: Interest Rates
No other topic has so consistently kept STOREYS' readers (and authors) as engaged over the last 12 months as interest rate news, updates, and insights.
Economy
Bank Of Canada Pulls Trigger On Second 50 Bps Interest Rate Cut
Wednesday’s decision — the last of the year — brings the policy rate down to 3.25%.
Higher Level Living: Langley Townhomes Serve Sweeping Rooftop Views For All
Tucked between the vibrancy of Willowbrook and the tranquility of Willoughby, Addition — rising via Redekop Ferrario Properties — is set to serve an unmatched lifestyle opportunity.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.
Mortgages
Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts
While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.
Mortgages
85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
A certain percentage of those with mortgages up for renewal in 2025 could experience interest rates anywhere from 1% to 2.25% higher than when they entered into their last term.
Economy
RBC Already Calling For Another 50-Bps Interest Rate Cut In December
“We continue to expect one more 50-bps rate cut from the BoC this December to bring the overnight rate to the top end of the BoC’s estimate of its neutral range (3.25%) before a return to a more gradual pace of easing in 2025.”
Economy
Bank Of Canada Goes Big With 50 Bps Interest Rate Cut, Largest Since 2020
Wednesday’s interest rate decision brings the policy rate down to 3.75% in the largest cut from the Bank since 2020.
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.
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%.
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%.
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