Canada’s inflation rate slowed by more than expected in January, with the consumer price index (CPI) rising at an annual pace of 2.9% last month and ticking downwards from December. New data released by Statistics Canada on Tuesday showed that annual price growth came in lower than the 3.3% expected by economists in a Bloomberg […]

It was a move that came as little surprise to Canadian mortgage professionals and market observers: the national banking regulator’s decision to leave the mortgage stress test rate, which safeguards the market’s stability, unchanged in December. The Office of the Superintendent of Financial Institutions (OSFI) opted to keep the minimum qualifying rate for uninsured mortgages […]

The annual pace of housing starts in Canada fell by 10% at the beginning of the year compared with December, the national housing agency has said. New figures released by Canada Mortgage and Housing Corporation (CMHC) on Thursday showed that the seasonally adjusted annual rate of housing starts slipped to 223,589 units in January from […]

It’s no secret that Canada needs to radically accelerate the pace of home construction to prevent housing affordability from spiralling even further out of reach by 2030 – but how gloomy is the current outlook for homebuilding across the country? According to recent projections by Royal Bank of Canada (RBC), growth of 315,000 units per […]

A recent job market data from Statistics Canada has prompted economists to postpone their expectations for interest rate cuts by the Bank of Canada. Initially expecting rate reductions as early as April, experts now forecast the first cut to occur in June, aligning with a broader consensus view on a more stable economic outlook. The […]

In January, the Canadian bond market took quite a beating as interest rates rose roughly 30 basis points from their recent lows. The December housing data revealed a surge in sales, while inflation data showed just how difficult it may be to return to the 2% inflation target. Core inflation remains above 3.5% despite flat […]

Fall in love with your home and your workspace again with these tips to help you make your home office space more productive! Establish Boundaries: A key component of being more productive at home is to establish proper boundaries between work and personal life. While not all of us at home have space for a […]

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a […]

It’s an age-old question for borrowers in Canada’s mortgage market: fixed or variable rate? While Bank of Canada rate hikes in recent years have seen buyers and homeowners gravitate increasingly towards the security of fixed options, the prospect of cuts at some point in 2024 has raised the question of whether the pendulum could swing […]

Canada’s economy posted slight growth in November, with gross domestic product (GDP) inching upwards by 0.2% following three consecutive flat months. New figures released by Statistics Canada showed the economy performed better than analysts had expected for the month, with economists having anticipated GDP growth of 0.1%. For the full fourth quarter, real GDP likely […]