Story by Amy Legate-Wolfe It finally happened. After four years of waiting and seeing rates climb higher and higher, the Bank of Canada finally cut its benchmark interest rate by 25 basis points this week. This was the first reduction in over four years, bringing the...

By Candyd Mendoza The Bank of Canada (BoC) can cut interest rates independently of the US Federal Reserve, even if the Fed holds rates steady, TD Bank said in its latest economic outlook. According to the bank, the Canadian economy has been growing below its trend rate...

Benjamin Lopez Steven · CBC News 2024 federal budget proposes tax hike for large profits on asset sales The federal government's 2024 budget includes significant new spending on projects and programs — and it's relying on revenue from a change to the capital gains inclusion rate to...

By Kathy Michaels Global News A new crop of housing has popped up on Okanagan real estate pages this spring and area realtors said this will come as a relief to those looking for a new home. New residential listings had an uptick of 34.3 per...

By Fergal McAlinden Prime minister Justin Trudeau has announced a new plan aimed at solving Canada’s generational housing crisis, introducing new tax incentives and proposals to build more housing on public lands to tackle chronic supply and affordability challenges. Flanked by finance minister Chrystia Freeland and housing...

By Fergal McAlinden There were few shocks in the Bank of Canada’s decision last Wednesday to keep interest rates unchanged – but there was a surprise on the same day south of the border as US inflation unexpectedly ticked upwards by more than expected. The core consumer...

The Canadian Press·Government and Regulation·April 11, 2024 By Sammy Hudes Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable. Speaking in Toronto on Thursday, Finance...

Last updated on April 3, 2024 Learn about planned changes to help build more homes faster. Historically, zoning bylaws and rules in many communities in B.C. have made it difficult to build the type of housing that works for people. New housing has been built primarily in...

Are rate cuts on the way? By Fergal McAlinden 06 Mar. 2024 The Bank of Canada has left its benchmark rate unchanged in its latest decision, keeping rates where they are for the fifth time in a row. The central bank said on Wednesday morning that it was maintaining...