housing

TORONTO – Premier Doug Ford moved swiftly to shutter a larger swath of Ontario's economy on Friday in the wake of bleak projections about the death toll of the CODIV-19 pandemic.Shortly after the release of numbers showing…

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…

VICTORIA — The British Columbia government will offer financial relief to renters and landlords to ensure people have safe homes during the novel coronavirus pandemic, Premier John Horgan said Wednesday.Horgan said the government…

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…

As the economic impact of the COVID-19 pandemic ripples across Canada, another wave may crest within the week as rent comes due for residential tenants.April 1 is a pressing deadline for tenants and landlords alike as the novel…

According to the March National Rent Report from Rentals.ca and Bullpen Research & Consulting, the national average rental rate dropped 3 per cent month over month and 3.4 per cent year over year.Average monthly rent was down or…

OTTAWA – The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19.The central bank said Friday the unscheduled rate decision was due to the pandemic and its impact on…

OTTAWA – The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak.The central bank said Wednesday that it…