Browsing Tag

developers

OTTAWA – The Bank of Canada hit a turning point on Wednesday when it announced a half percentage point interest rate increase while signalling it might be ready to pause its aggressive rate hike cycle.The central bank hiked its key…

Real Estate

Long term rate hikes effects will be ‘more powerful’ than people think: Poloz

Nojoud Al Mallees – THE CANADIAN PRESS Nov 25, 2022

OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be ``even more powerful'' than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path…

Real Estate

Inflation relief measures should be well targeted and temporary, says Macklem

Nojoud Al Mallees – THE CANADIAN PRESS Nov 24, 2022

OTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem.At a House of Commons committee meeting Wednesday, Conservative…

Real Estate

Some recent homebuyers will find rate hikes painful as mortgages go up: BoC

The Canadian Press Nov 23, 2022

OTTAWA — Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior deputy governor Carolyn Rogers.Speaking before the networking group Young Canadians in…

Real Estate

Smith Financial to buy Home Capital Group as mortgage industry under strain

Ian Bickis – THE CANADIAN PRESS Nov 21, 2022

TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.…

Real Estate

Economists see signs of inflation easing, despite annual rate holding steady

Nojoud Al Mallees – THE CANADIAN PRESS Nov 16, 2022

OTTAWA – Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction.In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.9…

Construction

CMHC says annual pace of housing starts slowed in October

The Canadian Press Nov 16, 2022

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September.The national housing agency says the seasonally adjusted annual rate of housing starts…

Real Estate

Canadian October home sales up from September, first monthly increase since February

Tara Deschamps – THE CANADIAN PRESS Nov 15, 2022

Several real estate industry observers say the housing market isn't roaring back, despite October delivering the first month-over-month uptick in home sales since February.Their outlook on the market comes as the Canadian Real…

Real Estate

Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

The Canadian Press Nov 10, 2022

TORONTO – Canada's low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday.Speaking before students and…

Sustainability

Climate Changed: How homebuilders and residents are adapting to a warming world

Brenna Owen – THE CANADIAN PRESS Nov 8, 2022

VANCOUVER – The two-storey family home with a classic design and wooden cladding blends in with its neighbours, but its thick, insulated walls, airtightness, solar panels, heat pump and highly efficient windows make it a home built for a…

1 2 3 … 16 Next