First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: 5% or...

Home sales rise again in May 2019

Home sales recorded via Canadian MLS® Systems rose by 1.9% in May 2019. Together with monthly gains in March and April, activity in May reached the highest level since January 2018. While sales stood 8.9% above the six-year low reached in February 2019, this latest...

Bank of Canada keeps rate target at 1 ¾ %

The Bank of Canada kept its target for the rate at 1 ¾ per cent. The Bank Rate is 2 per cent and the deposit rate is 1 ½ per cent. Canadian economic data are in line with the projections in the Bank’s April Monetary Policy Report, with gathered evidence that the...