Market expectations for a 25-basis-point rate cut at the Bank of Canada’s March 12 meeting fell to under 30%.
Analysts argue inflationary pressures and job market strength do not justify further monetary policy easing.
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Bank of Canada Rate Cut Odds Plunge Below 30%
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Tweaks possible for B.C. tariff response bill; specifics lacking, talk ongoing
B.C. Housing Minister Ravi Kahlon stated that the government is open to feedback on Bill 7, which addresses U.S. tariffs, but warned critics against complaining about potential delays in response. Discussions with various stakeholders, including business leaders and unions, are ongoing regarding possible amendments to the bill, which grants the cabinet broad powers related to procurement and trade barriers. Kahlon emphasized the importance of understanding concerns while maintaining the need for swift action in response to foreign government actions.
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Summer Sales: A Win-Win for All
Late spring and early summer offer the best opportunities for sellers to maximize home sale prices.
Buyer demand peaks before summer vacations and the school year, creating more competition for homes. -
Slow but Sure: Edmonton Housing Trends Up!
Edmonton’s housing market remains stable, with modest price growth in key property segments.
Condos in the city average about $240,000, attracting buyers seeking lower entry costs. -
Tips for Planning a Home-Buying Budget
Set clear goals for buying property, including target savings amounts and specific timelines.
Align your budget to save for a down payment, closing costs, and property-related expenses. -
7 steps to fix Canada’s housing shortage
RBC Economics suggests actions to address Canada's housing shortage, including expanding the labor pool, developing new technologies for faster construction, speeding up approval processes, easing zoning restrictions, reducing government charges, incentivizing purpose-built apartments, and expanding housing stock by reclaiming units and facilitating conversions.
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How to Save for Your Down Payment
Set clear goals to define your ideal home, location, and budget, guiding your savings plan.
Create a realistic budget, tracking income and expenses to allocate funds for your down payment. -
Strategies for a Stable and Resilient Financial Future
Financial experts help people navigate economic uncertainty through strategic planning and informed decision-making.Proper cash flow management, including separate accounts for expenses, is essential for business stability.
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BC Homeowners to Get a Break on Mortgages
Bank of Canada lowered its overnight lending rate, reducing mortgage payments for BC homeowners.Lower rates provide relief, but experts warn of ongoing economic uncertainty and housing affordability challenges.
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What does it mean to be ‘house poor’ and how can you avoid it?
The journey to home ownership can be exciting, but it's crucial to avoid being house poor. Consider all costs like mortgage, utilities, maintenance, and taxes. Use the 30% rule for housing expenses. Make a larger down payment to reduce monthly payments. If already house poor, options include refinancing, renting out space, or downsizing.
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