Toronto real estate listings start 2016 in a deep freeze

In 2015, industry pundits were predicting that the scarcity of real estate listings in Toronto would continue into 2016. So far, they appear to be right. Agents from central Toronto to the suburbs say listings are in the deep freeze – even for a January, when the market is normally cool. The paltry number of houses for sale means sellers hold more power and prices remain aloft. Jason Mercer, director of market analysis for the Toronto Real … [Read more...]

Bank of Canada holds trendsetting rate at 1 per cent

Canada’s economy is slowly picking up and will reach optimum growth by the end of next year, the Bank of Canada said Tuesday as it held its key interest rate steady at 1 per cent. While gloomy world conditions continue to exert an economic drag, domestic factors are supporting a “moderate expansion” in Canada, the central bank said in a note accompanying the interest-rate decision. But borrowers are unlikely to face higher interest rates … [Read more...]

Bank of Canada raises interest rates 0.25%

The Bank of Canada raised its benchmark interest rate for the first time since 2007, saying inflation is unfolding as expected and that spillover from the European debt crisis has been limited, while stressing there remains “considerable uncertainty” about an “increasingly uneven” global recovery. Read more here. … [Read more...]