Interest Rates

• April 2022 home sales down 41% from last year, dropped 27% since March: TRREB

  The Toronto Regional Real Estate Board said Wednesday that April sales amounted to 8,008 across the region, down from 13,613 during the same month last year and 10,939 in March.

  Canada

  May 4
  
• Bank of Canada head won’t ‘rule anything out’ to tame inflation, including more rate hikes

  Bank of Canada governor Tiff Macklem said everything is on the table as he meets with world bank leaders in Washington, where the U.S. Federal Reserve is hinting at more hikes.

  Economy

  Apr 21
  
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• Home prices under ‘full-scale attack’ as interest rates, taxes rise: economist

  Home prices across the country could drop as the Bank of Canada ratchets up interest rates and provinces target real estate speculators, a BMO analyst projects.

  Money

  Mar 30
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• How 4 millennial co-owners got into Canada’s least affordable housing market

  These Canadians are part of a growing trend, most noticeable in the country’s expensive urban centres, of co-ownership to break into increasingly unaffordable housing markets.

  Money

  Mar 30
• Canada housing market showing signs of ‘cooling’ as more interest rate hikes loom

  The Bank of Canada's interest rate hike is already having an impact on the housing market, but experts are divided on whether home prices will rise or fall in the long term.

  Money

  Mar 28
• 60% of Canadians worry about feeding their families amid inflation: Ipsos poll

  Concerns around inflation are rising as rapidly as prices themselves, with six in 10 Canadians now worried about their ability to put food on the table, according to Ipsos.

  Money

  Mar 23
• Some Canadians struggle to enter housing market as costs rise: ‘Nothing we can do’

  Prospective homebuyers being shut out of Canada's hot housing market are giving up, pausing or shifting their searches as affordability continues to erode.

  Money

  Mar 18
• Most Canadians are cutting back their food spending as inflation soars: poll

  Four-fifths of respondents to the Leger poll had started or planned to buy cheaper items at the grocery store to save on food bills amid high inflation.

  Consumer

  Mar 18
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• U.S. Fed hikes interest rates for first time since 2018 to tame inflation

  The Fed's quarter-point hike in its key interest rate marks the start of its effort to curb the high inflation that has followed the recovery from the recession.

  Economy

  Mar 16
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• ‘Year of the condo’: Waning pandemic could see migration back to big cities

  Demand in Canada's condo market could well withstand rising interest rates as the gradual end of the COVID-19 pandemic sees buyers shift back towards big cities.

  Money

  Mar 15