Interest Rates
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Toronto-area home sales down 16% in June despite Bank of Canada’s rate cut: boardTREBB says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the Bank of Canada interest rate cut.CanadaJul 4
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When will the U.S. cut interest rates? Powell says more time neededAfter some persistently high inflation reports at the start of 2024, Jerome Powell said, the data for April and May “do suggest we are getting back on a disinflationary path."U.S. NewsJul 2
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U.S. Federal Reserve holds rates. Here’s what officials said about future cutsU.S. policymakers said they expect to cut their key interest rate just once by year's end, rather than the three times they had envisioned in March.EconomyJun 12
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Ontario government hopeful interest rate cut will spur struggling home constructionOntario Premier Doug Ford said he thought lower interest rates would mean houses start 'popping up like mushrooms' across the province.PoliticsJun 6
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‘When rates go down, prices go up’: What’s in store for Toronto amid Bank of Canada cutThe central bank announced the quarter-percentage-point cut on Wednesday, its first in more than four years, meaning its key interest rate now stands at 4.75 per cent.EconomyJun 5
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Mortgage risks have likely more than doubled amid higher rates, CMHC saysThe new CMHC report says current interest rate conditions have more homeowners with mortgages finding themselves in 'precarious financial situations.'CanadaMay 29
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Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to knowDesjardins says amid interest rate hikes, if the option to lock in with a 10-year mortgage term was more promoted and available, "payment shock" would have been more manageable.MoneyMay 14
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U.S. Fed says it won’t cut rates until it has ‘greater confidence’ on inflationThe Fed emphasized inflation has remained high in recent months and said it doesn’t plan to cut rates until it has “greater confidence” price increases are slowing sustainably.EconomyMay 1
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EV sales in Canada rose in recent years despite higher interest rates. Why?Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.CanadaApr 24
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What is a halal mortgage? How interest-free home financing works in CanadaAs part of the 2024 federal budget released last week, Ottawa said it is 'exploring new measures to expand access to alternative financing products, like halal mortgages.'MoneyApr 23
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