Bank of Canada Lowers Interest Rate to 4.75%
The Bank of Canada has lowered its key interest rate to 4.75%, the first cut since March 2020. Governor Tiff Macklem cites increased confidence in inflation nearing the 2% target. Economists expect gradual rate cuts to continue, providing relief for mortgage holders and consumers.
Inflation Continues to Cool: Is the Bank of Canada Ready for Rate Cuts?
Economists and market watchers are increasingly betting on Bank of Canada interest rate cuts following another soft inflation report, which showed more signs of easing price pressures.
National Bank Challenges Bank of Canada’s Inflation Assessment
National Bank questions Bank of Canada’s inflation assessment methodology, suggesting it underestimates progress in curbing inflation. While Bank of Canada Governor defends current measures, National Bank argues for reinstating CPI-X, emphasizing its accuracy in reflecting underlying inflation trends for informed policy decisions.
Canadians Delay Home Purchases, Awaiting Bank of Canada Rate Cuts
Canadians postpone home purchases, awaiting Bank of Canada rate cuts amid rising concerns about living costs. Survey by Bank of Montreal shows 72% delaying plans, up 4% from 2023. Only 13% plan to buy in 2024; 26% eye 2025 or later.
Anticipating a Surge: April 2024 Home Sales Set to Outpace March Figures
April 2024 is anticipated to surpass March in home sales figures, driven by low mortgage rates, spring season momentum, demographic shifts, and post-pandemic housing needs. Buyers and sellers must navigate heightened competition and evolving market dynamics.
Navigating the New Capital Gains Tax Landscape for Cottage and Investment Property Owners
Navigating the new capital gains tax changes requires prompt action for cottage and investment property owners. Until June 24, a favorable tax rate applies, but afterward, the inclusion rate on gains exceeding $250,000 will rise. Experts advise strategic planning amid uncertainty over future adjustments.
