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OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday. The calculation, released in CMHC's annual residential mortgage industry report, is…

OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well. In a statement, the…

Uncertainty is everywhere in the financial world these days as the COVID-19 pandemic spreads, and that's translating into big swings in mortgage rates and challenges in how to navigate borrowing for a home. Given the lack of economic…

TORONTO – Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says. This year's home resales could dive by 30 per cent to a 20-year low as…

The Bank of Canada (BoC) today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. In a statement from the central bank, this unscheduled…