Spurred on by weakening underlying trends in the Canadian economy, the Bank of Canada  cut its overnight policy interest rate by 0.25% to 4.25%. This is the third reduction we’ve seen this year and while all cuts have been modest, they are moving Canada towards more normalized interest rates.  We’ve summarized the Bank’s rationale for this decision below,...Read More

2022 has been an interesting year to say the very least.  In the early part of the year, rates were low and optimism high as the trend of prices and activity continued its frenzied pace from 2021.  Midway through the year, the housing market seemed to have a self-realization that a 20% + price annual appreciation may not be...Read More

Another Day, Another Rate Hike The Bank of Canada has raised interest rates for the second time in less than two months. The central bank’s benchmark rate was raised twice by 0.25% since July and now stands at 1.00%. For consumers, this means the Prime Rate now stands at 3.20%. It was as low as...Read More