[ Home sales, listings and prices down nationally, says CREA ]
"The latest real estate numbers are out and they paint a picture of a Canadian housing market on a downward slide. By most measures in Canada, real estate is down. According to the Canadian Real Estate Association (CREA), there are fewer sales and prices are declining in February from the previous month."
[ Home purchased for nearly $1M sells at 45% loss in southern Ontario ]
"Hamilton has seen price declines in the last year or more. Last month, it was one of five major cities that saw a decline in prices year-over-year, according to a House Price Index report from Wahi, a Canadian real estate platform, and Real Property Solutions, a Canadian provider of property valuation services. Hamilton’s price index was down six per cent last month."
[ The Bank of Canada is holding its interest rate. For now ]
"The Bank of Canada (BoC) announced it is holding its interest rate steady at 2.25%. The March 18 decision is the second rate hold of 2026 as the BoC also held its rate in January. TD Economist Maria Solovieva said that inflation is currently within the BoC’s target of 1-3%, and while GDP growth is muted, it’s still within a reasonable range. Even with tariffs, the economy is still chugging along for now."
[ Mortgage Digest: Bond yield spike drives latest fixed mortgage rate hikes of up to 30 bps ]
"Canadian fixed mortgage rates have moved decisively higher, with lenders rolling out increases of up to 30 basis points as bond yields continue their rapid climb."
[ Bank of Canada Interest Rate Explained and How It Shapes Your Mortgage ]
"The Bank of Canada’s policy rate, also known as the overnight rate, plays a critical role in shaping the financial landscape of the country. It directly influences borrowing costs, including mortgage rates, and can have a significant impact on homeowners and prospective buyers. Understanding how changes in the policy rate affect your mortgage is essential for managing your finances effectively."
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