Category: british columbia
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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…
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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…
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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…
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Cheapest Provinces To Live In Canada With The Best Quality Of Life In 2026
Canada is expensive, but where you live can still make a difference of hundreds of thousands of dollars. The average Canadian home sold for about $668,000 in August 2026, while average asking rent reached $2,035 per month. But several provinces remain significantly cheaper, especially when it comes to buying a home. For this 2026 update,…
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Canadian Household Wealth Just Hit $19.1 Trillion, But Most Financial Assets Are Owned By The Richest 20%
Canadian households are collectively wealthier than ever, but new data shows those gains are far from evenly distributed. Household net worth in Canada climbed to a record $19.1 trillion in the second quarter of 2026, according to new Statistics Canada data released September 11. That was a 2.9% increase in just three months, driven largely…
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BC Home Sales Are Still More Than 25% Below Normal
British Columbia’s housing market is showing signs of slowly recovering, but home sales are still nowhere close to what would normally be expected at this time of year. A total of 5,653 residential properties sold across B.C. in August 2026, according to the latest data from the British Columbia Real Estate Association. That was 4.7%…
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What $600K Gets You In Toronto vs Vancouver vs Atlantic Canada Right Now
A $600,000 home-buying budget can get you a dramatically different property depending on where you live in Canada. In downtown Toronto, around $600,000 can get you a two-bedroom condo. In Vancouver, the same budget can mean a one-bedroom condo measuring just over 600 square feet. But head east to Atlantic Canada and suddenly buyers are…
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The Bank Of Canada Just Warned Interest Rates Could Go Up More Than Once
Canadians who have been waiting for interest rates to fall could be in for a surprise, because the Bank of Canada is now warning that rates may need to go up again. The Bank of Canada held its policy interest rate at 2.25% on September 2, keeping it unchanged for another meeting. But what Governor…
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Every Province Ranked by Housing Affordability in Canada
Housing affordability looks very different depending on where you live in Canada. In some provinces, average home prices remain below $400,000. In others, buyers are still facing price tags close to or above $800,000, even after several years of market cooling. Based on the latest available provincial home price data, here is how every Canadian…
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
