The Bank of Canada has cut rates again 0.25%, bringing the prime rate to 4.45%. Sounds good, but markets are still unpredictable: inflation is stubborn at 3%, housing markets keep starting and stopping, and interest rates are undecided. Many Canadians feel stuck: working harder, earning less, and trying to stretch every dollar. Some of this is adjusting from the “free money” era of COVID, and some comes from deeper economic challenges. Even so, Canadians keep going. Market sn

The Bank of Canada just cut its policy rate to 2.50%—the third cut this year. Canada’s major banks and lenders immediately followed, dropping their prime rate from 4.95% to 4.70%. For anyone in BC’s housing market, this is big news. Whether you are buying, refinancing, or investing, lower rates mean more savings, more options, and more opportunity. Homeowners: Save on Your Mortgage Now Adjustable-rate mortgages: your monthly payment just went down (roughly $15 per month per $

Western Canadian Housing Market Gaining Ground After a softer spring, the housing markets in BC and Alberta are showing renewed energy. According to the latest MLS® data, sales across Canada rose again in June, with Greater Vancouver, the Fraser Valley, and parts of Alberta — including Calgary and Edmonton — seeing more buyers stepping back into the market. Prices have held steady in both provinces, while new listings have dipped, creating more balanced conditions and opportu

With rising inflation, tariffs, and ongoing economic uncertainty, many Canadians are feeling the pressure of higher living costs, even as the Bank of Canada works to lower interest rates. These tough times can be unsettling, but there are practical steps you can take to reduce financial stress and regain control of your finances. Here are some strategies and tips to help you manage through these challenging economic conditions and find financial relief. 1. Prioritize What You

Housing continues to struggle despite the dramatic easing by the Bank of Canada, which took overnight rates down from 5% in June 2024 to 2.75% today, its lowest level since September 2022.

The employment rate—the proportion of the population aged 15 and older who are employed—was unchanged at 61.1% in February. This follows three consecutive months of increases. The employment rate had previously fallen 1.7 percentage points from April 2023 to October 2024, as employment growth was outpaced by population growth.

Getting pre-approved doesn’t commit you to a single lender, but it does guarantee the rate offered to you will be locked in from 90 to ...

We expect the BoC to continue cutting the policy rate in 25-bps increments until it reaches 2.5% this Spring, triggering continued strengthe

The Consumer Price Index (CPI) increased by 1.8% year-over-year in December, a slight decrease from the 1.9% rise in November. The main...

Today is President Trump's inauguration day in the US, and contrary to earlier threats, officials have announced that he will not impose...

The Consumer Price Index (CPI) rose 1.9% year-over-year (y/y) in November, down from a 2.0% increase in October. Slower price growth was...

The BoC slashed the overnight rate by 50 bps this morning , bringing the policy rate down to 3.25%. The market had priced in nearly 90%...

By Alisa Aragon-Lloyd, as seen in "New Home + Condo Guide" magazine, December 2, 2024 The federal government has introduced another...

The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a...

By Alisa Aragon-Lloyd, as seen in "New Home + Condo Guide" magazine, November 4, 2024 As of Nov. 21, the landscape for homeowners is...

After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps this morning , bringing the policy rate down to...

By Alisa Aragon-Lloyd, as seen in "New Home + Condo Guide" magazine, October 7, 2024 In a bid to open access and tackle the housing...

By Alisa Aragon-Lloyd, as seen in "New Home + Condo Guide" magazine, September 16, 2024 Being approved for a mortgage is about more than...

The Consumer Price Index (CPI) rose 2.0% year over year in August, the slowest pace since February 2021, and down from a 2.5% gain in...

Bank of Canada Cuts Rates Another Quarter Point Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to...