Reasons Why a Rate Hike is on the Horizon
Buying A Home / Debt Repayment / Economic News / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News / Selling Your Home

Reasons Why a Rate Hike is on the Horizon

There’s speculation the Bank of Canada may raise its key interest rate at its next scheduled announcement on July 12, due to comments Bank of Canada Governor Stephen Poloz recently made to the media about the conditions needed for higher rates… Continue reading »

No Surprise: Bank Leaves Interest Rate Untouched
Banking 101 / Economic News / RSM News

No Surprise: Bank Leaves Interest Rate Untouched

As universally expected, the Bank of Canada is maintaining its target overnight rate at 0.5 per cent. It’s been at this level since mid-2015, so in other words, this is the 15th consecutive meeting where rates have remained unchanged. In its accompanying statement, the Bank says there are still several key reasons for keeping rates at near historic lows… Continue reading »

Millennials Still Want to Buy a House, Despite Crazy High Prices
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Personal Finance / RSM News / Your Budget

Millennials Still Want to Buy a House, Despite Crazy High Prices

More than a third of all millennials in Canada own their own home, and 82 per cent of those who don’t own one plan to buy one soon, according to HSBC. The bank conducted their first “Beyond the Bricks” survey, that looked at home ownership in nine countries for… Continue reading »

Federal Budget 2017: Changes for Skilled Workers, Families and Beer Lovers
Economic News / RSM News

Federal Budget 2017: Changes for Skilled Workers, Families and Beer Lovers

We now know the details of the 2017 federal budget – the second since the Liberal government came to power. Released on March 22, it’s being characterized as a “stay the course” announcement as there were no new tax breaks announced, no new taxes revealed and no major new funding. Forecasters were bracing for changes … Continue reading »