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canada living News and Articles | My Blog

Homeowners won't face mortgage stress test if renewing with new lender: OSFI

9/26/2024 | Posted in Home Owners by Paul DeAdder

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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress ... More


Canada Building Permits Surge in July, Far Exceeding Expectations

9/13/2024 | Posted in New Developments by Paul DeAdder

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The total value of building permits surged by 22.1% month-over-month to $12.39 billion in July 2024, far exceeding market expectations of a 2.5% increase, following an upwardly ... More


Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says

9/12/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.

... More


Bank of Canada makes third rate cut in a row

9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.

... More


The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

9/3/2024 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More


Inflation eases further in July: Bank of Canada poised for rate cut

8/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

... More


Fledgling Canadian Housing Market Momentum Hits Pause in July

8/15/2024 | Posted in Canadian Housing Market by Paul DeAdder

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While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took ... More


Canadian Housing Activity Perks Up in June

7/12/2024 | Posted in Canadian Housing Market by Paul DeAdder

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Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the ... More


More Canadians only making minimum payment on credit cards: TransUnion

5/29/2024 | Posted in Financial Health by Paul DeAdder

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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More


Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

4/16/2024 | Posted in Government and Regulation by Paul DeAdder

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Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.

... More


OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canadian regulator cracks down on high-debt mortgages to protect borrowers

... More


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.

... More


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.

... More


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

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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

... More


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