By Doyle Potenteau -Global News Home prices in Kelowna have decreased from last year, but there are increased levels of construction activity in the Central Okanagan, according to a new real estate survey. According to Royal LePage, in the third quarter of 2019, the median...

by Bloomberg 04 Sep 2019 by Theophilos Argitis The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. At a decision Wednesday, policy makers left interest rates unchanged for a seventh straight meeting and said stronger...

Steve Huebl July 19, 2019 The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018. The Bank of Canada announced the mortgage qualifying rate drop to 5.19% from 5.34%. This marks the first reduction in...

The Bank of Canada is keeping its key interest rate unchanged as it releases a downgraded 2019 growth forecast that includes a prediction the economy nearly came to a halt at the start of the year. The central bank also appears to be in no hurry...

By Danny Kucharsky The good news is that mortgage rates are unlikely to go higher this year in Canada. The bad news is a lack of interest rate hikes indicates the Canadian economy is slowing down. So says mortgage broker David Larock, president of Integrated Mortgage Brokers...