A Winter Pause: Why the Bank of Canada Kept Rates at 2.25% ❄️
What today’s decision means — and why markets saw it coming 📌 Overview: A Predictable Pause The Bank of Canada (BoC) kept its key interest rate unchanged at 2.25%, a move almost entirely priced in by markets. Analysts had assigned over a 93% chance of a hold heading into today’s announcement — and the Bank […]
🤝 Confidently Start Your Journey to Homeownership
Canada’s housing market is becoming more inviting with lower rates, growing inventory, and friendlier prices, giving first-time buyers extra time to prepare with confidence. 📊 What the Survey Shows Royal LePage’s latest poll (conducted by Burson) found that 13% of Canadian adults are actively working toward buying a home within the next two years. 🤔 […]
Canada Housing Affordability Improves as Mortgage Rates Drop
Canadian homebuyers finally caught a small break in July, as housing affordability improved in 12 of 13 major markets, according to Ratehub.ca’s latest report. Falling home prices combined with lower mortgage rates gave buyers a short-lived window of relief after years of surging costs. 💰 Rates and Income Requirements The average five-year fixed mortgage rate […]
📊 Inflation Climbs to 1.9% as Bank of Canada Decides on Rates
Canada’s annual inflation rate nudged up to 1.9% in August, slightly higher than 1.7% in July. The Consumer Price Index (CPI) dipped 0.1% month over month, but after seasonal adjustments it inched up 0.2%. Core inflation, which excludes gasoline, is at 2.4%, showing that underlying price pressures haven’t changed much. 🔑 Drivers Behind the Numbers […]
Canada Loses 66,000 Jobs in August as Unemployment Climbs to 7.1%
📉 Job Losses at Pandemic-Era Levels Canada’s job market took a hard hit in August, shedding 66,000 jobs. Statistics Canada reported that the unemployment rate rose to 7.1%, its highest level since 2016 (if we set aside the peak COVID years). At the start of 2025, unemployment was 6.6%. Since then, it’s been climbing steadily, […]
🔮 Will the Bank of Canada Cut Rates? Key Takeaways from the Latest GDP Report
📉 GDP Takes a Hit The main culprit? Tariffs and weaker U.S. demand. Exports plunged 7.5%, with vehicle shipments tumbling almost 25%. Manufacturing also took a big hit, with many companies reporting tariff-related struggles. 🏡 Not All Doom and Gloom While exports dragged things down, there were some bright spots: In other words, Canadian households […]
🏡 What Buyers Should Know About Canada’s Housing Market In 2025
🌱 A Slow Thaw After the Freeze Canada’s housing market is finally showing some movement after a long chill.📊 According to the Canadian Real Estate Association (CREA), national home sales have risen for four straight months. But here’s the catch: the recovery is patchy. Some regions are warming up, while others, like Toronto, are still […]
📉 Canada Inflation Falls to 1.7% in July 2025
⛽ Relief at the Gas Pumps Canada’s annual inflation rate dropped to 1.7% in July, down from 1.9% in June, according to Statistics Canada. The biggest driver? Gas prices, which fell 16.1% year-over-year. This decline was largely due to the removal of the federal carbon price earlier this year. On a monthly basis, gas also […]
📊 BoC Likely To Stay The Course As Job Market Holds Steady At 6.9%
Canada’s job market shrank by 40,800 positions in July, but Scotiabank economists say this drop isn’t enough to convince the Bank of Canada (BoC) to cut interest rates next month. Derek Holt, Scotiabank’s VP and Head of Capital Markets Economics, described the numbers as a “summer jobs report that masked underlying resilience.” He pointed out […]
🏡📉 Will Canadian Homeowners See Relief on Mortgage Rates?
The Canadian mortgage landscape is shifting again as bond yields fall and global uncertainty rises. While the Bank of Canada continues to hold its key rate, signs from the U.S. economy and trade tensions are adding pressure on the path forward. Could this signal a change for fixed mortgage rates? Let’s break down the latest […]
