Mortgages Spotlight: 2014 could be a golden year for the Canadian economy as a number of factors will benefit the housing market.
The Bank of Canada has maintained its overnight lending rate at 1 per cent – for the 16th consecutive time. What does this mean for borrowers and investors alike – and will the rate rise any time soon?
Canadians are a little lighter in the pockets these days – and July saw lower-than-expected inflation growth as a result. Levels only rose by 1.3 per cent from 2011 numbers year-over-year – shy of the 2 per cent average aimed for by the Bank of Canada.