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Mortgage consumers are increasingly anxious about their financial situation, particularly the prospect of renewing their mortgage at higher interest rates, according to Mortgage Professionals Canada’s Semi-Annual State of the Housing Market Report. The survey found...

The Bank of Canada on July 24th reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual...

Canada’s population surpassed 41 million for the first time on April 1st, marking an increase of nearly a quarter-million people from the previous quarter. The yearly rise of 1.27 million set a new record, while the 3.2 per cent growth rate was the highest since 1958...

Home sales edged down 1.7% between March and April, a second monthly decrease in five months. On a provincial level, decreases were recorded in April in Nova Scotia (-6.3%), Alberta (-4.5%), Manitoba (-4.1%), Ontario (-2.9%), Quebec (-1.3%), P.E.I. (-0.6%), and B.C....

(NC) While longer days and warmer weather are sure signs of spring, they also mean that heat waves are coming, bringing high temperatures and, often, high humidity. These weather conditions pose health risks, especially indoors where many heat illnesses and deaths...

TD Economics Budget 2024 re-upped the Liberal government’s efforts to improve affordability for low-and-moderate income Canadians, with new spending totalling $53 billion earmarked over the five-year horizon ($57 billion including spending since the Fall Economic...

While identity theft and fraud can strike people of all ages, senior citizens may be particularly vulnerable. Fraud is the top crime against older Canadians, according to the intergovernmental Federal/Provincial/Territorial Ministers Responsible for Seniors. Reasons...

Life moves fast. One day you’re holding your baby and the next, you’re teaching your teenager important life skills to prepare them for adulthood – from doing their own laundry and cooking their own meals to searching for their first job. Doing their taxes is another...

The deadline for submitting new or updated applications for the First-Time Home Buyer Incentive is March 21, 2024 at midnight ET. No new approvals will be granted after March 31, 2024. Initially designed to alleviate the burden of monthly mortgage payments for...

Total consumer debt in Canada stood at $2.4 trillion in Q3 2023, an increase of $80.9 billion from the same period last year, according to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights report. Despite the impact of high interest rates and a...