economic news Archives - Mortgage Rates & Mortgage Broker News in Canada

Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC

October 3, 2024 No Comments

A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year.

Consumer spending cools in Q2 as retail sales drop 1.8%

August 23, 2024 No Comments

The latest pullback in Canadian retail sales leaves the door open for another Bank of Canada rate cut on September 4.

Inflation eases further in July: Bank of Canada poised for rate cut

August 20, 2024 No Comments

Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

CMHC says annual pace of housing starts in July up 16% from June

August 19, 2024 No Comments

The annual pace of housing starts in July climbed 16% compared with June as starts of multi-unit projects shot higher for the month, Canada Mortgage and Housing Corp. says.

Canada’s economy remains resilient, but for how much longer?

July 31, 2024 No Comments

Even in the face of high interest rates and rising unemployment, the Canadian economy continues to demonstrate resilience.

CMHC says annual pace of housing starts in June down 9% from May

July 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell 9% compared with May.

U.S. inflation eased in June: Good news for Canadian mortgage shoppers

July 11, 2024 No Comments

U.S. financial markets got a boost today with a lower-than-expected inflation reading, marking the lowest level since May 2020.

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