All About Money

All About Money Bank of Canada Holds Steady at 5.0% in September There appeared to be tangible anxiety in the housing market as the September 6 announcement date crept closer. With inflation rising to 3.3% in July and continued housing price increases, it may have seemed that Canadians might be in store for another rate hike. However, with late summer indicators showing the Canadian economy slowing, the […]
All About Money Rent is High. It’s About to Get Much Higher. The closest analogy I have to our housing situation in North America is that of the Titanic. Perhaps that sounds exaggerated. Yet a decades-long trend alongside the last year of spiking interest rates suggest that perhaps this analogy isn’t alarmist enough.    I regularly see rentals in my suburban hometown of Langley, British Columbia, some […]
All About Money Bank of Canada Adds Another .25% in July There wasn’t any surprise here for most people following the news and speculation. As expected, the Bank of Canada has increased the policy rate another 25 basis points to 5.0%. This bumps the Bank Rate to 5.25% and the deposit rate at 5%. “In light of the accumulation of evidence that excess demand and elevated […]
All About Money Bank of Canada Raises Interest Rates Again As expected, the Bank of Canada raised the policy rate 25 basis points on Wednesday, June 7. “The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening.” -Bank of […]
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