Tag: economy
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85% of Canadians Now Living Paycheque to Paycheque, Says H&R Block Survey
Rising costs of living put increasing pressure on household finances across Canada A new survey from H&R Block Canada reveals a sobering financial reality for many Canadians: 85% of respondents say they are living paycheque to paycheque in 2025, a steep increase from 60% reported in a similar study conducted in 2024. The findings underscore…
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Canadian Household Debt Surpasses $3 Trillion, Fueled by Mortgage Growth
Debt is rising twice as fast as in 2019 – with mortgages driving the surge Canadian households have officially crossed a new milestone: total credit market debt exceeded $3 trillion for the first time in the fourth quarter of 2024, according to Statistics Canada. Despite high interest rates and weak home sales, borrowing remains strong…
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How Canada’s Latest Inflation Report Is Changing Rate Cut Expectations
Expectations for a June interest rate cut by the Bank of Canada have cooled significantly following the release of April inflation data. While headline inflation fell to 1.7%, the Bank’s preferred core inflation measures rose above 3%, challenging the case for an immediate policy move. Just one week ago, markets placed the odds of a…
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Canada’s Big Banks Weigh In: Will the Bank of Canada Cut Interest Rates on April 16?
With the Bank of Canada’s (BoC) next interest rate announcement scheduled for April 16, 2025, uncertainty is running high. Economists remain divided on whether the BoC will hold or cut the policy rate for the eighth time since June 2024, as global trade tensions and domestic economic signals collide. As of the last cut on…
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Top 5 Canadian Cities Where Home Prices Are Still Climbing in 2025
Despite economic uncertainty, rate cut speculation, and a shaky job market, home prices are still on the rise in select Canadian cities. If you’re wondering where the real estate market remains red-hot in 2025, we’ve got the answer. These cities are defying the national cooling trend and showing strong price appreciation, making them top spots…
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Will the Bank of Canada Cut Rates? Job Losses and Tariff Tensions Make It a 50/50 Call
Canada’s job numbers just slipped-and the Bank of Canada might be gearing up to react. In March, the country lost 33,000 jobs, marking the first employment decline in over three years. Economists are now giving even odds (50%) that the BoC will respond with an interest rate cut on April 16. This sudden shift is…
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How a U.S. Trade War Could Impact Canada’s Housing Market
A potential trade war with the U.S. could significantly impact Canada’s housing market by driving up construction and renovation costs. Experts warn that new tariffs could raise the price of homebuilding materials, making homes less affordable and reducing new housing supply. How Tariffs Could Affect Home Prices The U.S. and Canada are major trading partners,…
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Experts predict a 0.25% rate cut from the Bank of Canada on Jan 29 2025
As the new year begins, Canadians are eagerly anticipating the Bank of Canada’s (BoC) first interest rate announcement of 2025. Scheduled for January 29, this update is expected to reveal key insights into the central bank’s strategy to address ongoing economic challenges. Experts are already weighing in on what to expect. Reflecting on the Final…
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27,000 Ontarians packed their bags and moved to Alberta in 2024, setting a new record.
In 2024, Ontario witnessed an unprecedented wave of migration as over 27,000 residents packed their bags and headed west to Alberta. This record-breaking relocation trend has been fueled by the allure of Alberta’s lower cost of living, booming economy, and affordable housing market, leaving many to wonder why so many Ontarians are making the move.…
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Bank of Canada Cuts Interest Rates By 50bps to 3.25%: What It Means for Canada’s Housing Market
On December 11, 2024, the Bank of Canada made its second consecutive half-point rate cut, lowering the policy interest rate from 3.75% to 3.25%. This marks the fifth consecutive rate cut since June and signals a shift towards a more gradual approach to monetary easing. In a statement, Governor Tiff Macklem emphasized that while inflation…
Canada Housing Market 