Forgive me if you’ve heard me say this before: I believe the next move in interest rates by the Bank of Canada will be higher. This is something we need to pay attention to.
Canadians saving for retirement can breathe a little easier after this week’s federal budget; at least for now.
Big city life is out. The suburbs are in. At least that’s the case presented by a new poll from the Bank of Montreal, which suggests 47 per cent of first-time homebuyers in this country are looking to the suburbs.
The Bank of Canada delivered pretty much exactly what Bay Street expected Wednesday by scaling back its quantitative easing program and leaving its benchmark interest rate at 0.25 per cent. However, I would argue there was a big surprise for Canadians who have been counting on rates staying put into 2023.
With real estate prices climbing to all time highs, 36 per cent of young Canadians under the age of 40 said they have given up on the idea of buying a home according to a poll from Royal Bank of Canada.
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