Sales in the Toronto housing market have so far decreased in 2018, but some market watchers are optimistic that a spring recovery will take place. The most recent figures from the Toronto Real Estate Board look grim compared to the euphoria that pulled through the market in early 2017, says Cameron Forbes, general manager of ReMax Realtron Realty Inc. "We had an artificial market from January to January,...
Major lenders hike rates following BoC decision Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from today (Jan 18). The BoC rate hike was widely expected but what happens next is...
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