canada living News and Articles | My Blog
OSFI announces new stress test for uninsured mortgages
4/16/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadian regulator cracks down on high-debt mortgages to protect borrowers
... MoreBank of Canada leaves spring housing market in 'holding pattern'
4/10/2024 | Posted in Canadian Economy and Housing Market by Paul DeAdder
News not all bad as central bank signals possibility of rate relief in June
... MoreBank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.
... MoreHome prices could hit peak levels by next year, set new highs in 2026: CMHC report
4/5/2024 | Posted in Canadian Housing Market by Paul DeAdder
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
... MoreInflation expectations cast shadow on BoC's rate decision
4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists question their forecasts as inflation expectations challenge anticipated rate cuts
... MoreRenters have harder time accumulating wealth than homeowners: RBC economist
3/14/2024 | Posted in Financial Health by Paul DeAdder
Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head.
... MoreToronto home prices up 42 per cent over last five years, cost of living up 17 per cent: report
2/29/2024 | Posted in Canada Living by Paul DeAdder
The cost of living in Toronto went up nearly 20 per cent between 2017 and 2022 – but that’s less than half the increase seen in the city’s housing prices over ... More
Canada's home prices to rise again on stretched demand-supply gap
2/29/2024 | Posted in Canadian Housing Market Predictions by Paul DeAdder
Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts ... More
Inflation slows more than expected in January
2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More
Market participants still expect the first Bank of Canada rate cut in April
2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More
There's a common theme among Canadians overwhelmed by debt
2/6/2024 | Posted in Financial Health by Paul DeAdder
Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.
... MoreCanada reports fastest population growth in history in third quarter of 2023
1/22/2024 | Posted in Canada Living by Paul DeAdder
Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ... More
BoC set to leave rate unchanged in January, says RBC
1/19/2024 | Posted in Interest Rates by Paul DeAdder
The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada.
... MoreCanadian Home Sales See Unexpected Surge to Close Out 2023
1/15/2024 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023.
... MoreWhat are Canada's safest cities to live in?
1/3/2024 | Posted in Canada Living by Paul DeAdder
Taking into account occurrences of arson, burglary, robbery, and impaired driving, the poll gauged the safety levels of various Canadian cities.
... MoreHere are the tax changes that will affect your pocketbook in 2024
1/2/2024 | Posted in Canada Living by Paul DeAdder
Canadians preparing their taxes and finances for 2024 might find a bit of help from an unexpected friend: inflation.
... MoreBank of Canada's Macklem says 'too early' to consider rate cuts
12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More
Canadian Home Sales See Downward Trend Continue in October
11/15/2023 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.
... MoreBoC to begin rate cuts by 2024's second quarter, market players say
11/7/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year
... MoreHousing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Paul DeAdder
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to ... More
Economists see Bank of Canada holding on rates after surprise GDP contraction
9/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an ... More
No end in sight to housing affordability crisis, says BMO's Guatieri
8/28/2023 | Posted in Canadian Housing Market by Paul DeAdder
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.
... MoreWhat's next for home prices in Canada?
8/28/2023 | Posted in Canadian Housing Market by Paul DeAdder
Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data.
... MoreCanadian Home Sales Showing Signs of Stabilization in June
7/14/2023 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023.
... MoreRising mortgage interest costs now biggest factor driving inflation - and they're not done yet
6/28/2023 | Posted in Canada Living by Paul DeAdder
Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and ... More
When will the Bank of Canada put the brakes on its rate-hike campaign?
6/27/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists weigh in on the possibilities for the central bank’s policy rate
... MoreCanada's housing market recovery gains more traction
6/16/2023 | Posted in Canadian Housing Market by Paul DeAdder
Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ... More
Canada's population will hit record 40M on Friday: StatCan
6/15/2023 | Posted in Canada Living by Paul DeAdder
Statistics Canada says the country will reach a new milestone on Friday as the population hits a record 40 million people.
... MoreCanadians' mortgage borrowing hits lowest level since 2003
6/15/2023 | Posted in Financial Health by Paul DeAdder
Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More
Canadian home sales continue to pick up steam in May
6/15/2023 | Posted in Canadian Housing Market by Paul DeAdder
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.
... More