Bank maintains overnight benchmark rate at 0.25%

As expected, the Bank of Canada announced that it is holding its key interest rate target at 0.25%. The Bank acknowledged the hefty economic impact due to COVID-19, and although the pandemic appears to have peaked, there still remains a high degree of uncertainly around the economic recovery.

The next interest rate announcement is scheduled on July 15, 2020. Read the release below:

Massive policy responses in advanced economies have...

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Canadian real estate kicked off 2020 with a bang, but there are conflicting opinions as to how we’ll finish out the year. Canada’s federal housing agency has warned that average house prices could fall by up to 18 per cent over the next 12 months – a dismal prediction that’s being challenged by RE/MAX based on market activity from coast to coast.

Basic economics has taught us that supply and demand dictates housing prices, and according to what RE/MAX brokers are...

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It’s been a challenging time for many Canadians, as we work together to beat the coronavirus pandemic in our communities. Remember: we’re all in this together! While health and safety parameters such as social distancing have affected the economy, real estate continues to be an essential service.

Depending on your financial situation and the government’s interventions to bolster the economy, first-time homebuyers may be encouraged to set their sights on ownership. While there has...

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Whether you already have a fire pit or are planning to add one, invest some effort in reviewing fire pit safety. This is especially important if you’re new to using a fire pit. It only takes a second for a cozy fire to burst into a blazing inferno. Ensure you get the most enjoyment from your fire pit by keeping family and friends safe.

Position chairs so folks can rise and move about seats without risking tumbling into the fire. Built-in seating prevents seats from being drawn too close to the...

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Mother’s Day can be a hard one to get right in the best of times, let alone with such a different landscape. Check out these ways to totally crush Mother’s Day this year, whether you’re celebrating your Mom, Grandma, Wife, Aunt, Sister or otherwise. If you’re sending love from a distance or if you’re at home with the lucky lady, we’ve for you covered. Keep traditions alive, even if they need to change a bit. What’s important is the time spent together,...

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