The Bank of Canada has raised its overnight target rate by 50 basis points, bringing it to 3.75%. This is the Bank’s sixth consecutive rate hike and [...]

Home sales in Canada declined for a sixth straight month in August according to the latest report from the Canadian Real Estate Association.  Compared to July the [...]

September has arrived and the central bankers are back from their summer vacations. With that they resume setting interest rates and fighting inflation.  Leading up to today [...]

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update on [...]

With inflation and interest rates continuing to rise there are renewed concerns about housing affordability in Canada. Statistics Canada pegged the inflation rate at 7.7% in May, [...]

Today the Bank of Canada announce they are increasing its trendsetting interest rate by .50% bringing the overnight rate to 1½%.  This is the second consistent oversized [...]