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canada living News and Articles | My Blog

Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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Home 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

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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.

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Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Renters have harder time accumulating wealth than homeowners: RBC economist

3/14/2024 | Posted in Financial Health by Paul DeAdder

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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.

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Toronto 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

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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

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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

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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

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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

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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

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Canada reports fastest population growth in history in third quarter of 2023

1/22/2024 | Posted in Canada Living by Paul DeAdder

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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

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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.

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Canadian Home Sales See Unexpected Surge to Close Out 2023

1/15/2024 | Posted in Canadian Housing Market by Paul DeAdder

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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.

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What are Canada's safest cities to live in?

1/3/2024 | Posted in Canada Living by Paul DeAdder

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Taking into account occurrences of arson, burglary, robbery, and impaired driving, the poll gauged the safety levels of various Canadian cities.

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Here are the tax changes that will affect your pocketbook in 2024

1/2/2024 | Posted in Canada Living by Paul DeAdder

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Canadians preparing their taxes and finances for 2024 might find a bit of help from an unexpected friend: inflation.

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Bank of Canada's Macklem says 'too early' to consider rate cuts

12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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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

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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.

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BoC 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

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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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Housing affordability has improved but there's no quick fix, says RBC

9/29/2023 | Posted in Canada Living by Paul DeAdder

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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

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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

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The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst.

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What's next for home prices in Canada?

8/28/2023 | Posted in Canadian Housing Market by Paul DeAdder

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Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data.

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Canadian Home Sales Showing Signs of Stabilization in June

7/14/2023 | Posted in Canadian Housing Market by Paul DeAdder

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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.

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Rising mortgage interest costs now biggest factor driving inflation - and they're not done yet

6/28/2023 | Posted in Canada Living by Paul DeAdder

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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


Canada's housing market recovery gains more traction

6/16/2023 | Posted in Canadian Housing Market by Paul DeAdder

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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

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Statistics Canada says the country will reach a new milestone on Friday as the population hits a record 40 million people.

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Canadians' mortgage borrowing hits lowest level since 2003

6/15/2023 | Posted in Financial Health by Paul DeAdder

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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

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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.

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Canada's debt rises as rates cut into households' cash flow

6/14/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest

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