Tag: bank of canada
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Here’s How Much Your Monthly Mortgage Payment Has Changed Since Interest Rates Peaked
Mortgage rates may still feel high compared to the ultra-low rates of 2021, but borrowing costs have improved significantly from their recent peak. After the Bank of Canada aggressively raised interest rates to fight inflation, many Ontario buyers hit pause on their home search. Today, with the Bank of Canada’s policy rate sitting at 2.25%,…
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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…
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Bank of Canada Expected To Hold Rates This Week. Here’s What It Means For Ontario Homebuyers
All eyes will be on the Bank of Canada this Wednesday as policymakers announce their latest interest rate decision, a move that could influence mortgage rates, homebuyer confidence, and the direction of Ontario’s housing market. While many prospective buyers have been hoping for another rate cut, economists overwhelmingly expect the central bank to leave its…
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Is Now Finally a Good Time to Buy a House in Ontario?
Ontario’s housing market has looked very different in 2026 than it did just a few years ago. After years of soaring prices, intense bidding wars, and record-low inventory, buyers are finally finding themselves in a stronger position. Home prices have softened in many markets, inventory has climbed, and sellers are becoming more willing to negotiate.…
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Canadian Homeowners Have Lost Nearly 20% of Home Value Since 2022 Peak
Canada’s housing market downturn has now erased a significant portion of the gains seen during the pandemic-era housing boom. According to recent housing market analysis and benchmark price data, many Canadian homeowners have seen home values fall nearly 20% from peak levels reached in early 2022 as higher interest rates and weaker buyer demand continue…
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Bank of Canada Warns Consecutive Rate Hikes Could Return if Oil Prices Stay High
Canada’s interest rate outlook may not be as stable as it seemed just days ago. While the Bank of Canada held its benchmark rate at 2.25%, Governor Tiff Macklem is now warning that rate hikes could return if oil prices continue to surge. Rates Held – But Risks Are Rising The central bank has now held rates steady for the fourth…
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What Experts Predict for the Dec 10 Bank of Canada Rate Announcement
The Bank of Canada’s next interest rate decision on December 10, 2025 is one of the most anticipated announcements of the year. After cutting the overnight rate to 2.25% in October, economists are now divided on whether the Bank will continue easing or pause to assess the economy. Most experts agree on one thing: a hold is now…
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Mortgage Debt Crisis In Canada – 8 Out Of 10 Canadians Owe Mortgage Debt And It’s Getting Worse
New data reveals that 8 out of 10 Canadians owe mortgage debt. Learn why mortgage debt is rising, how rate hikes made it worse, and what homeowners can do to reduce payments.
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Bank of Canada Cuts Interest Rates Again as U.S. Tariffs Shake Canadian Economy
The Bank of Canada has cut interest rates to 2.25%, its second consecutive drop, as U.S. tariffs and trade tensions weigh heavily on Canada’s economy.
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Bank of Canada cuts key interest rate for first time since March, bringing policy rate to 2.5%
The Bank of Canada has officially lowered its key interest rate for the first time since March 2025, cutting the policy rate by 25 basis points to 2.5%. The move had been widely anticipated by economists, as signs of economic weakness and cooling inflation have been building throughout the summer. Why Did the Bank of Canada…
Canada Housing Market 