The July Market Insights Report by Teranet Examines the Effects of COVID-19 and Ontario’s Reopening Plans on the Mortgage Market
As Ontario is implementing reopening plans and commercial and business activities are resuming, the Canadian mortgage market is beginning to experience signs of recovery. Our…
Confirmation of housing-market slowdown due to COVID-19
July 20, 2020 In June the Teranet–National Bank National Composite House Price IndexTM was up 0.7% from the month before, a rise half the average for…
Bank of Canada Interest Rate Stays at 0.25% To Facilitate Economic Recovery
The Bank of Canada interest rate continues to remain at the effective lower bound. In March 2020, The Bank lowered the interest rate to 0.25%…