Tag: economy
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Bank of Canada Expected to Hold Rates at 2.25% on April 29, 2026
Canada’s interest rate outlook is coming into sharper focus, with economists expecting the Bank of Canada to hold its key policy rate steady. With inflation still within target and economic uncertainty lingering, the central bank is showing little urgency to either cut or raise rates in the near term. Rates Expected to Hold Around Current…
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Gas Prices Just Spiked – Here’s Why That Could Hurt Homebuyers
Canada’s housing outlook just took another unexpected turn. After months of cooling inflation and expectations that mortgage relief was on the way, a sudden surge in gas prices is now threatening to reverse that trend and put pressure back on borrowers. According to BMO Capital Markets, gas prices jumped roughly 21% in March, marking the…
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Canada’s Household Debt Crisis: Now 2nd Highest in the OECD
Canada’s household debt problem is no longer just a concern. It is now among the worst in the developed world. New data from the Organisation for Economic Co-operation and Development (OECD) shows Canada has climbed to 2nd place among OECD countries for household debt relative to GDP, sitting at approximately 103% of GDP. Only Switzerland ranks higher. This puts…
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Bank of Canada Warns the Next 5 Years Could Be Turbulent
Canada’s economic outlook is entering a new phase of uncertainty, and it could have direct implications for the housing market. In a recent address, Carolyn Rogers of the Bank of Canada warned that the country is facing long-term structural changes that will be difficult to manage and could reshape the economy for years to come.…
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Bank of Canada Rate Forecast for March 18, 2026: What Economists Expect
Canada’s housing market and borrowing costs are influenced by the Bank of Canada’s policy rate, currently at 2.25%. Economists expect the bank to hold rates steady in the March 18, 2026 announcement due to stabilizing inflation and moderate economic growth. Future decisions will depend on key economic indicators like inflation and GDP.
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Canadian Home Prices Fall to $652,941 as Sales Drop 12.5% to Start 2026
February 21, 2026 Canada’s housing market opened 2026 with weaker sales, falling prices, and rising listings, a combination that is slowly shifting negotiating power back toward buyers in several regions. According to WOWA’s latest update (last updated February 19, 2026), the national average home price declined to $652,941 in January 2026, while sales fell sharply…
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What You Can Buy In Toronto At Different Budgets Right Now
Whether you are a first-time buyer or moving up the property ladder, here is a breakdown of what different budgets currently buy across the city as of February 15, 2026. This guide covers condos, townhomes, and detached homes so you can see how far your budget goes in today’s market. Click on the links to…
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Canadian Mortgage Arrears Hit A 5-Year High
February 3, 2026 Canadian households are starting to feel the strain of higher borrowing costs, and the country’s major banks are seeing it show up in their books. New data from the Canadian Bankers Association (CBA) reveals that the national mortgage arrears rate increased again in November, reaching its highest level in five years. While…
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Canadian Incomes Improved, But Most Households Expect Life to Get Worse in 2026: MNP
January 19, 2026 Despite recent gains in income, Canadians are entering 2026 with growing pessimism about their financial future. New survey data from MNP’s Consumer Debt Index shows that most households expect rising costs, worsening housing affordability, and mounting economic pressure in the year ahead. While some Canadians are actively adjusting their finances, a large…
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The Great Canadian Shift Away From Big Cities Is Accelerating
Canada’s long-running shift toward big-city living appears to have hit a turning point. New population estimates from Statistics Canada (StatCan) show urbanization stalled in 2025 for the first time in decades, as both residents and newcomers increasingly bypass the country’s largest and most expensive metropolitan areas. The data suggests the migration toward smaller cities, towns,…
Canada Housing Market 