PwC also anticipates the growth of prefabricated and modular homes in 2026, provided the financing options adapt. Real estate is expected to be in transition next year as companies look to find new sources of growth, with Calgary’s market emerging as a particular bright spot, according to a PwC Canada report. The report, completed in partnership […]

Today, Finance Minister François-Philippe Champagne presented his first budget. Mark Carney was elected Prime Minister with a mandate to transform Canada’s economy and reduce its dependence on trade with the United States. The Carney government’s inaugural budget emphasizes structural changes to strengthen the domestic economy and boost non-U.S. exports, and it will be funded by […]

Bank of Canada Lowers Policy Rate to 2.25% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. The economy will grow at about a […]

The British Columbia government is proposing changes to its short-term rental laws, including allowing for compliance orders and penalties to be published to deter people from breaking the rules. Housing Minister Christine Boyle tabled an omnibus housing bill in the legislature, which would make changes to multiple pieces of legislation including the Local Government Act, […]

Canadian stocks hit a new all-time high despite tariff threats and a weakening economy. The S&P/TSX Composite Index rose 0.3% to climb above the key psychological threshold of 30,000 for the first time on Tuesday. The gauge has posted 45 closing records this year, the most since the recovery from the Covid-19 pandemic in 2021. […]

As the Bank of Canada on Wednesday lowered its overnight benchmark by 25 basis points from 2.75 per cent to 2.5 per cent, experts say homeowners looking to renew their mortgages have a chance to save. Commercial lenders, like private banks, base their rates on the key policy rate set by the central bank. According to the Bank of […]

The newly created Build Canada Homes agency will oversee plans to build 4,000 homes on six federally owned sites, as part of a $13 billion agency budget to speed up affordable home building, Prime Minister Mark Carney said Sunday. Carney said that the $13 billion will offer financial incentives for builders to construct affordable homes […]

Housing prices across Canada remain prohibitively high for many would-be homebuyers, and one expert says that’s partly due to Canadian seniors holding on to their homes longer than they did in the past, exacerbating a nationwide supply shortage. “I think a lot of seniors today don’t have a better option,” Rishard Rameez, CEO and co-founder […]

Borrowers are caught in a mortgage rate market that changes by the week, with little sign of stability ahead. With every passing week, the Bank of Canada faces conflicting economic signals, leaving Canadians guessing about its next move and triggering rapid changes in mortgage rates. After several weeks with the lowest 5-year fixed rates holding above 4%, […]

From tax implications to AML compliance, here’s what borrowers need to know before turning digital wealth into a mortgage. Crypto mortgages are becoming a hot topic in Canada, but there’s still a lot of confusion around how they work. For Canadians with significant holdings in Bitcoin, Ethereum, or other digital assets, the idea of using […]