A growing number of Canadians are worried that interest rates are rising faster than they can keep up, new polling suggests, just as many economists expect the Bank of Canada will deliver another rate hike this week. Polling from Ipsos Public Affairs conducted exclusively for Motorcycle accident toronto today between June 19 and 20 shows a growing
Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher interest rates. The new approach could save some mortgage holders on costly fees and penalties that come with refinancing, paying lump sums or otherwise altering the terms of their
The annual rate of inflation dropped sharply last month, but some economists argue a slowdown might not be enough to deter the Bank of Canada from another rate hike in July. Statistics Canada said Tuesday that the annual inflation rate for May cooled by a full percentage point to 3.4 per cent.Most economists had the
Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, according to a new report. On Thursday afternoon, National Bank of Canada released its quarterly housing affordability monitor, which it tracks through mortgage payments as a
Two years ago, they feared they were about to be renovicted. Now residents of a Plateau-Mont-Royal apartment building in Montreal are declaring victory after their home was purchased by a non-profit organization. It took countless hours of advocacy and protests, but tenants at Manoir Lafontaine say all their hard work has paid off.After two years of
Many renters in some of Canada’s biggest cities have already been paying record-high amounts to their landlords as of late, but a new report suggests pressure facing real estate investors might ratchet up the pain in the rental market in the coming years. The report, released Monday from CIBC and Urbanation, shows that for a
Nestled in the balance sheets of Canada’s biggest banks are fears that the economy is set for a rough patch that could see more Canadians defaulting on their loans. While some experts say the country’s banks are just “being prudent,” they say that move signals choppy waters ahead for Canadians with outstanding loans as interest
Canadians looking for some help managing their money through uncertain times might wish to turn to a financial planner or advisor to guide decisions on everything from investments to getting out of debt. But as complicated as planning your own finances can be, experts say it’s no simple task getting the right help, either.“There’s still
A Quebec woman is issuing a warning to users of online banking, after what she thought was a simple mistake cost her $1,000. Lydia Ditcham accidentally transferred the chunk of hard-earned money to the wrong place. She says what she thought would be an easy fix became a stressful, weeks-long ordeal.It all started last October
This article is part of Motorcycle accident toronto today’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. Buying your first home can be an overwhelming experience, between finding properties, making a bid and negotiating the final deal.Luckily, there are professionals to help you