Canada's largest office REIT cuts payout by 60%, units rise on TSX – Yahoo! Finance Canada + MORE Dec 1st

If Canada’s autumn housing market could be summed up in one word, it would be tentative; home sales continue to lag year-over-year levels, as buyers remain cautious due to ongoing economic uncertainty. According to the latest data from the Canadian Real Estate Association (CREA), October transactions were 4.3% below last year’s activity.

However, there are some green shoots—the same report indicates conditions are starting to firm up in some local markets, with monthly sales increases starting to eat into built-up inventory. Overall, though, market conditions remain firmly in buyers’ favour—and that’s reflected in today’s home prices, which are relatively soft compared to the pandemic-era market. The national home price benchmark, which strips out the high and low sales extremes, remains 3% below 2024 levels.

For anyone looking to buy a home in October, that meant decent affordability conditions in 10 of 13 of Canada’s major markets, according to the latest affordability study from Ratehub…

Canada’s largest office REIT cuts payout by 60%, units rise on TSX  Yahoo! Finance CanadaAllied Properties REIT cutting its monthly distributions to six cents per unit  BNN BloombergAllied Provides Update on Distributions  The Globe and MailAllied Properties REIT cuts monthly distributions as it seeks to reduce debt  The Globe and Mail

GIC comparison tool

Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.

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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

Savings comparison tool

Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…