The Bank of Canada has lowered its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. With the impact of U.S. trade actions on growth and inflation now clearer, the Bank has resumed providing projections for both the global and CanadianContinue reading “Bank of Canada Cuts Policy Rate to 2.25%”
Tag Archives: finance
Major Federal Investment to Boost Toronto’s Rental Market
Big news for Toronto’s real estate market! The federal government has announced $2.55 billion in low-cost financing to accelerate the construction of 4,831 rental homes, including at least 1,075 affordable units. This investment, secured through the CMHC’s Apartment Construction Loan Program, is a game-changer for Toronto’s housing supply. Mayor Olivia Chow emphasized the importance ofContinue reading “Major Federal Investment to Boost Toronto’s Rental Market”
How Interest Rate Changes Impact Homeowners
Interest rate changes by the Bank of Canada can have a significant impact on homeowners, whether you’re paying off a mortgage, considering refinancing, or planning to buy or sell a home. Here’s a breakdown of how these changes affect you and what you can do to stay ahead. 1. Mortgage Payments Variable-Rate Mortgage Holders Fixed-Rate Mortgage HoldersContinue reading “How Interest Rate Changes Impact Homeowners”
Richard Wang 