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Bank of Canada holds key interest rate

Bank of Canada holds key interest rate

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won’t stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020 during the first wave of the COVID-19 pandemic as the economy went into a downturn and three million […]

This doesn’t look like 2017:’ Bank of Canada Governor isn’t worried about a housing bubble

This doesn’t look like 2017:’ Bank of Canada Governor isn’t worried about a housing bubble

Canada’s top central banker isn’t worried about the country’s hot housing market, saying low-interest rates and demand for space rather than speculation are behind the price gains. Accommodative monetary policy, a preference for more living area and the ability to work from home during the pandemic are the main reasons demand for single-family homes across […]

COVID-19: Government Financial Support During Lockdowns

COVID-19: Government Financial Support During Lockdowns

COVID-19: Government Financial Support During Lockdowns Please note: the federal government is constantly updating its website as new information is announced. Remember to check Canada’s official coronavirus webpage and CREA’s COVID-19 online hub to stay up to date. As some provinces re-enter strict lockdowns to combat the spread of COVID-19, here are the financial assistance […]

Supporting Financial Stability During the COVID-19 Pandemic

Supporting Financial Stability During the COVID-19 Pandemic

Speaking Notes for Evan Siddall Standing Committee on Finance Ottawa, Ontario Thank you, Chair, for this opportunity to update the Committee on how CMHC is helping to stabilize Canada’s financial system and support the economic well-being of households and small businesses during the COVID-19 pandemic. My appearance before you today is also timely in informing […]

Richmond Hill water or property tax payments relief extended until

Richmond Hill water or property tax payments relief extended until

GOOD NEWS, COUNCIL APPROVED THESE MEASURES. Richmond Hill taxpayers receive immediate relief for the remainder of this year.   Until January 1st, 2021, you do not have to make any water or property tax payments. (Please NOTE #2 below for a condition)  However, if you are like me, and are in a position to make your […]