Steve Huebl

The Bank of Canada may be forced to continue lowering its policy rate more than markets are currently anticipating, with this easing cycle stretching into the second half of 2025.

Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.

Starting tomorrow, certain mortgage borrowers will find it easier to switch lenders, thanks to the removal of the requirement to qualify at a higher stress test rate.

Still, many economists still see a half-point cut as likely at the Bank's December 11 meeting.

October saw a dramatic upswing in Montreal’s housing market, with sales surging 44% year-over-year—the strongest October sales increase in over 20 years.

Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025, with no further reductions thereafter.

The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed.

Higher inventory provides more options for buyers as demand picks up, fuelled by recent Bank of Canada rate cuts.

Variable-rate borrowers can breathe a little easier with today's latest rate reduction.

A bi-weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.