statistics canada

What the latest GDP figures mean for the Bank of Canada’s rate cut timing

March 28, 2024 No Comments

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say

February 20, 2024 No Comments

The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say.

Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don't own their homes face the greatest financial and mental pressures. A "For Rent" sign is posted outside a home in Toronto, Tuesday, July 12, 2022. THE CANADIAN PRESS/Cole Burston Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don't own their homes face the greatest financial and mental pressures. A "For Rent" sign is posted outside a home in Toronto, Tuesday, July 12, 2022. THE CANADIAN PRESS/Cole Burston

Vancouver and Toronto renters lament quality of life more than homeowners: StatCan

February 20, 2024 No Comments

Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don’t own their homes face the greatest financial pressures.

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

January 31, 2024 No Comments

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.

Youngest households reduce mortgage debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

January 25, 2024 1 Comment

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

Inflation crept back up in December: “We’re not out of the woods yet”

January 16, 2024 No Comments

For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics

The Bank of Canada’s fight against inflation isn’t over as progress stalls in November

December 19, 2023 No Comments

Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.

Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan

December 13, 2023 No Comments

Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022.

Parents helping kids with mortgage down payments

Latest in mortgage news: Adult children of homeowners twice as likely to own a home

November 27, 2023 No Comments

A key factor in determining whether an individual is likely to become a homeowner is whether or not their parents were property owners, a new study shows.

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.