mortgage

The Canadian Real Estate Association says home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States. The association says actual home sales in February were down 10.4 per cent compared with the same […]

The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in its fight against inflation. Governor Tiff Macklem says the Bank of Canada has more confidence inflation is moving closer to its two per cent target, citing various indicators that suggest […]

999 homes were sold in Saskatchewan in February, according to numbers released by the Saskatchewan Realtors Association. Reduced inventory has been part of what is fuelling a 10 thousand dollar increase the average sale price. Overall sales were up 24 percent compared to the 10 year average, while inventory declined by 17 percent. “Despite inventory […]

Canada Mortgage and Housing Corp. says the annual pace of housing starts for October ticked up from September. The national housing agency says the seasonally adjusted annual rate of housing starts in October came in at 274,681, up one per cent from 270,669 in September. The increase came as the pace of urban housing starts […]

The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. The central bank says it decided not to raise its key rate given demand in the economy is slowing and previous rate hikes need more time to take effect. Forecasters were […]

The Canadian Bankers Association noted in a report issued this month that Saskatchewan is several times the national rate for mortgages in arrears, and leading the country. NDP Opposition Leader Carla Beck said families are having trouble putting food on the table, and the premier is plowing ahead and making life more expensive with energy […]

The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. The rate hike matches up with what many economists were expecting, bringing the bank’s key rate to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues […]

  With the federal government trying to pump the brakes on inflation through interest rate hikes, housing sales remain pretty strong in Saskatchewan. “As expected, gains in lending rates are having some cooling impacts on the housing market causing consumers to seek out more affordable options.”  according to Chris Guérette, CEO of Saskatchewan Realtors Association. […]

The Bank of Canada announced today that it is raising it’s key interest rate to 1.5%. Canadian families are facing an increase in costs across all fronts – and it’s something that 620 CKRM financial analyst Brian Golly says will see families having to tighten spending. The rise in the interest rate was not something […]