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…
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…
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,…
Newfoundland Hasn’t Had This Few Homes For Sale In More Than 20 Years
Finding a home for sale in Newfoundland and Labrador is getting increasingly difficult, with housing inventory now sitting at levels the province hasn’t seen in more than two decades. There were just 2,847 active residential listings across Newfoundland and Labrador at the end of August 2026, according to the latest data from the Canadian Real…
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…
A Record Number Of Homes Just Hit The Market In PEI
Prince Edward Island’s housing market just hit a new record, but it might not be the kind homeowners were expecting. A total of 360 new residential listings hit the PEI market in August 2026, making it the highest number of new listings ever recorded during the month of August, according to the latest data from…
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…
