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Here's what economists expect the Bank of Canada to do in 2025
business data reportingFriday, January 3, 2025

Economists at Canada’s major banks don’t expect interest rates to move quite as dramatically in 2025 as they did in 2024, but they still see various sources of drama for the economy and Canadians.

These are the new tax brackets for Canadians in 2025
Canadian Cash MoneyFriday, January 3, 2025

Here's what the new tax brackets are going to be, plus how much you can contribute to a tax-free savings account and RRSP

Will it be easier or harder for Canadians to buy a home in 2025?
Sold Home For SaleThursday, January 2, 2025

It’s been a rough few years for Canadians looking to break into home ownership as unaffordability issues persist across the country.

Housing market poised for 2025 comeback as lower rates unleash pent-up demand
Market GrowthMonday, December 30, 2024

Heading into 2025, economists and real estate agents believe activity is poised to remain strong amid much lower borrowing costs and more favourable rules for buyers, despite an overall challenging affordability picture.

A First Home Savings Account should be on every first-time buyer's holiday wish list
Couple LaptopTuesday, December 24, 2024

Introduced in April 2023, the First Home Savings Account (FHSA) is a game-changer for Canadians looking to save for their first home, combining the best features of an RRSP and TFSA.

Canada's coming mortgage renewal wave: No longer a crisis?
Mortgage Application FormTuesday, December 17, 2024

It was billed as a potential looming crisis for Canada’s economy: the wave of mortgages coming up for renewal in 2025 and 2026 at significantly higher rates than those on offer when the loan was originated. But a spate of central bank interest rate cuts and a dip in fixed rates mean that threat has faded – and renewal pain is unlikely to be a major talking point in 2025, according to market watchers.

Canadian Home Sales Continue to Climb in November
CREA NewsMonday, December 16, 2024

Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump.

Canada's new mortgage rules are here: Insights from brokers
Agent Meeting ContractMonday, December 16, 2024

Sweeping changes to Canada’s mortgage system, announced in September by the federal government, officially took effect on Sunday. Brokers said the changes could open the door for more Canadians to enter the housing market.

Bank of Canada drops key interest rate
Bank Of CanadaWednesday, December 11, 2024

Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.

Rent prices fall to 15-month low: Rentals.ca
Couple LaptopTuesday, December 10, 2024

Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.

Toronto home prices set to rise in 2025 but condo market on 'different trajectory': Royal LePage report
Toronto Downtown ViewThursday, December 5, 2024

While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage.

GTA Home Sales Up Substantially in November
TREB NewsWednesday, December 4, 2024

Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year.

OSFI's stress test change sparks industry confusion
Couple Managing DebtFriday, November 29, 2024

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.

Canadian housing market set to pick up pace in 2025
Get Home Sold Real EstateWednesday, November 27, 2024

Experts predict a seller's market in nearly half the nation’s housing regions

By how much could the Bank of Canada cut rates in December?
Contract Real Estate MortgageTuesday, November 26, 2024

The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that could impact borrowing costs for Canadians.

Ontario debates sharing tenant arrears data with credit agencies
Home Buyers - Client HandshakeMonday, November 25, 2024

Ontario is exploring a proposal to allow credit reporting agencies to access Landlord and Tenant Board (LTB) orders for renters with a history of missed payments.

Bank of Canada rate cuts save housing market from collapse, says economist
Sold Home For SaleMonday, November 25, 2024

Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain.

Canada's banking regulator loosens mortgage stress-test rules. Who will benefit?
MortgagesMonday, November 25, 2024

Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders.

Hidden Bank of Canada clues point to another big cut: CIBC economists
Bank of Canada GovernorFriday, November 22, 2024

Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC economists say.

This is how much money you need to make to buy a house in Canada's largest cities
Senior Couple Meeting AdvisorThursday, November 21, 2024

The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data.



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