BoC

Greater Toronto Area (GTA) new condominium sales totaled 6,792 units in the second quarter, declining 19% from the first quarter and 24% year-over-year but remaining above the 10-year average of 6,302 sales, according to Urbanation…

A press release from CENTURY 21 Canada states that while interest rates have been on the rise for the past few months, the Canadian housing landscape continued to see pricing growth during the first six months of this year. The company…

TORONTO – A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year.Robert Kavcic says governor Tiff…

OTTAWA – Canada's annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago, Statistics Canada said Wednesday.The June inflation rate was up from 7.7…

OTTAWA – Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.The consumer price index in Canada hit a nearly 40-year high of 7.7 per cent in…

OTTAWA – The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998.The central bank's decision signalled a more aggressive approach to bringing…

CALGARY — A new poll indicates Canadians are making increasingly tough budget decisions amid rising interest rates and inflation.The MNP Ltd. survey, conducted by Ipsos in early June, suggests over a quarter of Canadians are cutting…

OTTAWA – A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers.In its business outlook survey released Monday, the central bank said businesses' expectations for…

Amidst skyrocketing costs of living and housing, mistrust towards Bank of Canada rises, too

The Canadian Home Builders’ Association (CHBA) has released its annual report on the performance of Canada’s residential construction industry, which according to the association, details a record-setting year for the industry in its…