Benchmark Rate Now Sits at 2.75% In a widely expected move, the Bank of Canada implemented its seventh consecutive interest rate cut today, and marked the first interest rate announcement in the wake of the tariff threats from the U.S. The benchmark interest rate now sits at 2.75 per cent. Canada’s economy kicked off 2025…
The U.S.-Canada news cycle has been busy lately, from hockey to the Liberal Party nomination process. Of course, these developments have taken a back seat to the situation surrounding the U.S.-Canada tariffs dispute. With a new administration in Washington, trade policy has been front and centre of President Donald Trump’s economic agenda, with a focus…
RE/MAX® has been voted the #1 Most Trusted Real Estate Agents in Canada by Canadian shoppers, year after year*, according to the BrandSpark® Canadian Trust Study. The 2025 Study is based on a national survey of 35,200 Canadian shoppers who gave their top-of-mind, unaided feedback on which brands they trust most and why, in the…
RE/MAX affiliates shine in countless ways, including their charitable spirit, which took the spotlight during the 2025 RE/MAX R4 convention, where it was announced that RE/MAX affiliates have donated more than $218 million to Children’s Miracle Network (CMN) hospitals since 1992, when RE/MAX and CMN first partnered. Their impactful efforts throughout 2024 elevated the previous…
Renewing your mortgage is a critical financial decision that can significantly impact your monthly budget and long-term financial health. With mortgage renewal rates fluctuating and various options available, negotiating a better renewal rate can save you thousands of dollars over the life of your loan. How Does Mortgage Renewal Work? Mortgage renewal is the process…
If you noticed more “For Sale” signs cropping up in your neighbourhood last month, it’s not just you. In its January report, the Canadian Real Estate Association (CREA) noted an influx of new listings coming on stream, with the tariff threat being a key factor in the trend. We saw an 11-per-cent increase in new…
Will interest rates go up or down in the year ahead? With Canada facing a tariff threat from the United States, financial institutions have been adjusting their monetary policy expectations for the year ahead. One big bank is urging the Bank of Canada to take emergency action. On Monday, Trump signed executive orders to impose…
The Canadian housing market could see more action in 2025, following a period of persistent challenges including higher interest rates, a quickly growing population and the pressure that puts on our housing market), on top of a housing shortage that has existed for decades. We’ve already seen lower interest rates spark increased activity in the…
Affordability has played a serious role in the decline of ownership in the Vancouver housing market – Canada’s most expensive place to live. Home-ownership levels sat at 62.1 per cent in Greater Vancouver in 2021, down from 65.1 per cent reported by StatCan Census Data in 2006, while the average price for residential properties more…
Affordability remains the most challenging part of entry to the Hamilton housing market, with ownership rates in the city steadily declining over the census years, falling from a high of 71.6 per cent in 2006 to a low 68.6 in 2021, according to Statistics Canada Census Data. Hamilton-Burlington reported the highest increase in overall average…
Owning a home is a keystone of wealth… both financial affluence and emotional security.