Reasons why the Bank of Canada will keep interest rates low The Bank of Canada announced on September 3rd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent. The overnight rate has not moved in four years. It’s likely that it will remain where it is for some time yet.  Why? 1) Inflation is on target -- Inflation recently increased and is tracking close to the Bank’s 2 per cent target. However, the Bank believes the... [read more]

                                                     Canadian housing market expected to remain active for the remainder of 2020 due to pent-up demand and low inventory levels, say RE/MAX brokers and agents Canadians showing more interest in suburban and rural homes for sale, as work and life dynamics shift  Canadian housing prices anticipated... [read more]