The Bank of Canada has reduced its benchmark interest rate to 4.50%, aiming to ease inflation and support economic growth. This move marks the second consecutive rate cut since March 2020, reflecting a shift towards more accommodative monetary policy. Discover how this decision impacts Canadian homeowners and the broader economy.

Recent changes to Canada’s capital gains tax have stirred concern among cottage owners, particularly in sought-after areas like Muskoka. The decision to increase the inclusion rate could have significant implications for the real estate market, impacting many investors and owners. Click for more!

The Bank of Canada has cut its target for the overnight rate to 4.75%, aiming to stabilize the economy and manage the balance sheet. This is the Bank’s first rate cut since March 2020, and it signals some exciting changes ahead for the real estate market. But what does this mean for you? Click to read more!

In April 2024, Canada's annual inflation rate dropped to 2.7%, marking its lowest point in three years. Core inflation measures also continued to decline, raising the possibility of the Bank of Canada cutting interest rates in June. Click to read more!

Explore why the Bank of Canada has stuck to a 5% policy rate for the fifth time amid global economic changes. Uncover the details of Canada's growth, inflation, and dedication to maintaining stable prices. Stay informed and get an overview of what's shaping Canada's economy.

Toronto homeowners face a hefty 10.5% property tax increase in 2024, the biggest in years. Budget Chief Shelley Carroll's plan includes a 9% rise in property taxes and an extra 1.5% for the City Building Fund. Click to learn more!

The Bank of Canada has opted to maintain its key interest rate at 5%. The decision comes against the backdrop of a global economic slowdown, impacting Canada's growth, which contracted by 1.1% in Q3 of 2023. As Canada grapples with ongoing economic challenges, the central bank's decision reflects a carefully considered strategy amidst a complex global economic landscape.

The Bank of Canada has opted to maintain its benchmark interest rate at 5%, marking the second consecutive instance in which the central bank has refrained from adjustments. This could indicate a shift towards a more conservative stance, given the ten rate increases enacted in the past year.

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.