Home construction must double over next decade to restore 2019 affordability: CMHC + MORE Jun 20th
How much income do you need to buy a home in Canada? A look at housing affordability in June 2025 Jul 26th
Scotiabank hits “inflection point” with successful multi-product mortgage strategy + MORE Sep 1st
Loanova prepares to launch Canada’s first fractional mortgage platform + MORE Nov 27th
FSRA CEO Mark White to step down for new position as Chair of Ontario Energy Board Jul 5th
Making sense of the markets this week: June 9, 2024
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
“The Big Cut”
While The Big Short film is a riveting watch, “The Big Cut” may be even more enthralling.
The Bank of Canada (BoC) made the decision to cut its key interest rate to 4.75% on Wednesday. It’s the first rate cut since March 2020. With about $700 million worth of mortgages coming up for renewal in Canada this year, “The Big Cut” is going to affect a lot of Canadians.
“We’ve come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the 2% target has increased over recent months.”
– BoC Governor Tiff Macklem
Macklem also said: “Total consumer price index inflation has declined consistently over the course of this year, and indicators of underlying inflation increasingly point to a sustained easing…
What the Bank of Canada rate cut means for mortgages, consumer loans and investments
– canadianmortgagetrends.com
