Interest Rates

• Housing affordability in Canada just saw the biggest improvement in almost 4 years

  Canadian homeowners and prospective buyers saw a second consecutive quarter of improvement in housing affordability, but the market hasn't returned to pre-pandemic levels.

  Money

  Jun 2
  
• Canadian mortgage debt surges to $2.08T amid high inflation, interest rates 

  However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

  Money

  May 25
  
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• Rate hikes, social media drove SVB’s collapse, former CEO says

  Greg Becker, former CEO of SVB, apologized in congressional testimony for what he called the "devastating" collapse of the firm while.

  Money

  May 15
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• Buyers have returned to Canada’s housing market. When will sellers follow?

  The housing market in Canada has been warming this spring after a rapid rise in interest rates put a chill in buyers and sellers alike.

  Canada

  May 15
• Housing upturn could delay a shift by Bank of Canada to cut rates. What to know

  The housing market's upturn comes after the Bank of Canada paused its interest rate hiking campaign last month, leaving the benchmark rate at 4.5 per cent since January.

  Economy

  May 15
• U.S. inflation cools slightly in April, but prices still elevated 

  Consumer prices in the U.S. accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come.

  Economy

  May 10
• U.S. Fed raises rates but signals possible pause to assess bank failures

  As widely expected, the U.S. Federal Reserved raised its benchmark interest rate by 25 basis points on Wednesday.

  Economy

  May 3
• ‘Very scary time’: Poll finds 76% of B.C. mortgage holders worried about next renewal

  Three-quarters of B.C. mortgage holders said they worried their next renewal could cost them more, with 35 per cent saying they were worried it would cost "significantly more."

  Money

  May 2
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• First Republic collapse: What does it mean for Canada and the U.S. Fed?

  The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation.

  Economy

  May 1
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• Housing report shows high interest rates still slowing Saskatchewan growth

  Lower construction starts and sales are just a few factors stemming from high interest rates, according to the latest housing outlook report by the CMHC.

  Economy

  Apr 27