No Rate Cut: The Bank of Canada maintained its target for the overnight rate at 2.75%. This decision reflects ongoing high uncertainty in global trade despite some Canadian economic resilience. Economic Outlook: The global economy has shown reasonable resilience amid trade volatility, with modest growth in the US and Euro area, and China's exports rebalancing. In Canada, after a strong Q1, GDP...
The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.“Looking at the GTA as a whole, homebuyers have certainly benefited from greater choice and improved affordability this year. However, each neighbourhood...
Bank of Canada Holds Policy Rate At...
The federal government is delaying its multibillion-dollar plan to hike taxes on capital gains, a move that clears up uncertainty heading into tax season but could worsen the fiscal bottom line for both Ottawa and the provinces. The major policy was first announced in the federal budget in April, 2024, which set an implementation date of June 25 of that year. However, Parliament had yet to approve...
The federal government hopes to make home ownership more accessible to first-time buyers with new mortgage rules that took effect Dec. 15. Originally announced in September, the new rules enacted by the federal finance ministry aim to boost affordability for first-time millennial and generation Z buyers. Here are some key points. New price cap aims to boost affordability As of Dec. 15, the federal...
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