It’s a moment 11 months in the making. Today, the Bank of Canada lowered its trend-setting Overnight Lending Rate – which has sat at 5% since …
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The last several years have been a tumultuous time for mortgage shoppers. Variable interest rates have marched steadily higher since March 2022, …
Read articleThe 2024 Federal Budget, released this week by the federal Liberal government, is chock full of housing measures, with the aim of easing affordability …
Read articleOne step forward, two steps back – that seems to be the overarching theme for Canada’s inflation fight. The March report released this morning …
Read articleIt’s another battle won amid the Bank of Canada inflation war – the February Consumer Price Index (CPI) report released this morning by Statistics …
Read articleDespite steadily rising borrowing costs over the last two years, Canadian mortgage borrowers have been lauded for their ability to keep up with their payments – but new data shows cracks may be starting to form.
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