housing crisis

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…

EllisDon Community Builders (EDCB) is partnering with Habitat for Humanity Canada to provide local Habitat for Humanity organizations across the country with affordable housing advisory services to accelerate homeownership projects.…

TORONTO — Ontario is promising to make municipalities ``whole,'' if they can't fund housing infrastructure and services due to a new provincial law.Municipal Affairs and Housing Minister Steve Clark wrote to the Association of…

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…

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…

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…

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.…

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…

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…

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…