Canada’s national housing agency is forecasting Toronto region home prices to rebound in the next two years, rising as much as 5 per cent in 2020 to an average of between $765,300 and $898,400 This year is predicted to end with prices averaging between $740,600 and $854,600. It predicts prices could average as much as $949,400 by the end of 2021, a 10.5 per cent increase over this year. Sales and...

The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. At a decision Wednesday, policy makers left interest rates unchanged for a seventh straight meeting and said stronger than expected growth, as well as inflation on target, means current levels of stimulus are where they should be. That’s despite the escalating trade...

You might want to hang onto that condo after all. Despite years of doom and gloom forecasts about the condo market being ready for a tumble, prices in the Greater Toronto Area have risen more than nine per cent in the last year, according to a new study being released Wednesday. The report found that the median price per square foot of condos in the GTA rose to $743 over the past year, a jump...

The US central bank just cut interest rates — so what do Canadian policymakers do next? It’s your move, Canadian policymakers. Last month, the US Federal Reserve slashed its benchmark rate by 25 basis points to a target range of 2 percent to 2.25 percent. The last time the Fed trimmed its target was 2008, when the American economy was in the grips of the Great Recession. Typically,...

The Bank of Canada’s decision to hold interest rates at 1.75% was not unexpected; neither is its tone on the road ahead. Governor Stephen Poloz reiterated the central bank’s position that rates will need to rise to a more neutral range to keep inflation in check, but with some economic concerns remaining it seems likely that this will be a gradual process. Growth for the Canadian economy was...