Bank of Canada Raises Interest Rate to 2.5% as Governor Warns Inflation Could Spread Across Canada
Canada’s central bank has raised interest rates for the first time in a year, bringing its benchmark rate to 2.5% as concerns grow over persistent inflation and rising energy prices. The Bank of Canada announced a 0.25 percentage-point increase to its policy interest rate on October 28, 2026, raising it from 2.25% to 2.5%. Governor…
Nearly Half of New GTA Condo Sales Are Being Bought by Investors at Discounts of Up to 40%
Toronto’s struggling condominium market is seeing a surprising shift, with investment groups accounting for nearly half of all new condo sales across the Greater Toronto and Hamilton Area (GTHA) during the third quarter of 2026. According to the latest report from real estate research firm Urbanation, bulk investors purchased 339 new condominium units during Q3,…
Bank Of Canada Interest Rate Decision October 28: Economists Predict A Possible Rate Hike
The Bank of Canada is preparing to announce its next interest rate decision on Wednesday, October 28, 2026, and Canadians could be facing higher borrowing costs. After keeping its benchmark interest rate unchanged at 2.25% for nearly a year, the central bank is facing growing pressure to raise rates as inflation climbs. According to a…
Canada’s Cheapest Cities For Rent In 2026
Rent prices are finally falling across much of Canada, but where you live still makes an enormous difference. The average asking rent for all residential properties across Canada fell to $2,035 per month in August 2026, according to the latest National Rent Report from Rentals.ca and Urbanation. That was down 4.8% from August 2025 and…
What You Can Get In Ontario At Different Budgets Right Now
What does $349,000, $750,000, $1 million or even $5 million actually get you in Ontario right now? The answer depends heavily on where you look. A budget under $500,000 can still get you into the market in parts of Ontario, while moving into the $700,000 to $1-million range opens up everything from GTA townhouses to…
This $2.3M Ontario Lake House Was A Filming Location For The Tragically Hip
An Ontario lake house with a pretty incredible connection to Canadian music history is currently for sale. Located on Stoney Lake in Douro-Dummer, the $2.295-million waterfront property was most recently used as a filming location for The Tragically Hip’s music video for “Get Back Again.” And the music connection is especially fitting considering the property…
The Best Ontario Towns To Raise A Family Without Spending $1 Million, 2026 Update
Raising a family in Ontario does not have to mean spending more than $1 million on a home. While Toronto and some of its surrounding suburbs remain expensive, there are still communities across the province where home prices are lower and families have access to schools, hospitals, recreation and major employment centres. For this 2026…
Toronto Needs To Build At Least 50% More Homes To Restore Affordability
Toronto home prices have fallen from their peak and rent growth has slowed, but Canada’s housing agency is warning that the recent improvement in affordability may not last. According to the Canada Mortgage and Housing Corporation, Toronto still needs to increase its annual housing construction pace by at least 50% for the next decade to…
