Bank of Canada Will Once Again Hold Key Interest Rate at 0.25%
byThe interest rate will be kept at this level until its inflation objective is achieved.
Finance
Canadian Economists Now Expect Property Prices in Major Cities to Drop By 2%
byWhile Toronto is forecast to see a decline of 3%.
How Will Canada Pay Back its $343 Billion Deficit?
byWill there be a new COVID tax?
COVID Forced You to Work From Home? Here’s What You Can Write Off
bySome of your rent, mortgage, and hydro could be written off.
What the Changes to CMHC’S Mortgage Requirements Mean for Homebuyers
byTD believes the changes will “disproportionately” impact first-time homebuyers.
More Than $180 Billion in Mortgage Deferrals Made in Canada So Far Amid COVID: Report
byRepresenting roughly 15% of the number of mortgages in Canadian bank portfolios.
Bank of Canada Says Impact of COVID on Economy Has “Peaked”
byIn response, the Bank has kept its key interest rate target on hold at 0.25%.
Commercial Rent Assistance Now Open for Small Businesses
byTo keep small businesses in operation and more people employed as the economy reopens.
Canadian GDP Dropped 8% in First Quarter in Wake of COVID
byHousehold spending in the first quarter also dropped by 2.3%, the steepest fall on record.
How Mortgage Applications Have Changed During COVID-19
byLenders are looking a lot more closely right now.