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FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario December 8, 2021 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight…

Over the past year and a half, we have been introduced to eLearning at a whole new level. Remote learning allowed children to continue their education, turning homes into temporary learning environments. As the new school year unfolds, the lessons learned last year may continue to pay off as resources are now available to allow…

The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector. The real estate association says it expects home prices to either hold steady or climb in all regions across the country, citing…

What changed and what it means for home buyers The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgageinsurance. Introduced this past summer, these new adjustments from CMHC come as a precaution while the Covid-19 pandemic continues to impact consumers in the real…