The Bank of Canada cut its benchmark interest rate by 25 basis points on Wednesday, the first reduction in more than four years, bringing its policy rate to 4.75 per cent. The decision was widely expected by economists. The central bank cited progress on lowering inflation, weaker than expected economic growth in the first quarter, and employment growing at a slower pace than the working-age...

The Bank of Canada (BoC) has decided to hold its interest rate at 5% for the seventh consecutive time, as announced earlier today. This decision comes at a time when many Canadians are experiencing financial difficulties due to high mortgage payments and are hoping for some relief. However, the BoC has indicated that it might reduce the interest rate in the future, possibly as early as June, provided that...

March pdf home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s...

IMPORTANT UPDATE FOR ALL LOAN HOLDERS ON REPAYMENT If you are unable to repay your CEBA loan when due (regardless of whether or not you are eligible* for the loan you received), your financial institution will contact you to request a lump sum repayment of the outstanding debt. If, at that point, you do not fully repay your CEBA loan to your financial institution, your financial institution will likely...

Photo Credit TORONTO – Reacting to news of Toronto Mayor Olivia Chow’s plan to hike property taxes by more than 10%, the 9 or so people that collectively own all Toronto real estate expressed outrage, saying that Chow is making the city unaffordable. “This city is expensive enough,” said the landlord who owns everything south of Front Street. “For the mayor to then turn around...