‘Pervasive uncertainty’ caused by trade war prompts Bank of Canada to drop overnight lending rate to 2.75% The 25 basis point cut marks the seventh consecutive time Canada’s central bank has dropped rates March 12, 2025 5 min. read On March 12th, the Bank of Canada announced that it had lowered the target for the […]
Tag Archives: finance
More than half of Canadians renewing a mortgage this year expect their monthly payment to increase: Royal LePage® Survey 1 in 10 are considering downsizing, relocating to a more affordable region or renting out a portion of their home to combat higher borrowing costs Highlights: TORONTO, February 20, 2025 – Approximately 1.2 million mortgages will renew […]
Bank of Canada makes sixth consecutive cut, lowering key lending rate to 3.0% In its first announcement of 2025, Canada’s central bank lowered the overnight rate by 25 basis points January 29, 2025 6 min. read On January 29th, its first scheduled announcement of 2025, the Bank of Canada announced that it had lowered the […]
Overnight lending rate falls to 4.25% as Bank of Canada makes third consecutive cut September 4, 2024 Canada’s central bank has made a third cut to its overnight lending rate this year, lowering borrowing costs for existing and aspiring homebuyers yet again. In its scheduled September 2024 announcement, the Bank of Canada dropped the target […]
The 2024 federal budget introduced important changes to capital gains rates, and you should be aware of how this could impact you or your clients. A capital gain occurs when you sell, or are deemed to have sold, a capital asset for an amount greater than its adjusted cost base plus the outlays and expenses […]
After holding the overnight lending rate at a two-decade high of 5% for 11 months, the Bank of Canada has reduced its policy rate. In its pre-scheduled announcement for June, Canada’s central bank reduced the target for the overnight rate by 25 basis points to 4.75%. Though inflation remains slightly above the BoC’s target rate […]
In an attempt to address the ongoing housing supply and affordability crisis in Canada, the federal government announced earlier this month that the Prohibition on the Purchase of Residential Property by Non-Canadians Act – otherwise known as the foreign buyer ban – will be extended for an additional two years. The Act was previously set […]
Alasdair Douglas 