The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

On June 5, 2024, the Bank of Canada announced a reduction in its target for the overnight rate to 4¾%, with the Bank Rate now at 5% and the deposit rate also at 4¾%. This decision, part of the Bank’s ongoing balance sheet normalization policy, comes amidst a mixed global economic backdrop and signs of easing inflation in Canada.

Explore the latest changes to Canada's capital gains tax in our comprehensive blog post. Discover what capital gains are, their impact on real estate, and the federal government's plan to increase the inclusion rate from 50% to 67% for high earners. This crucial update affects properties and investments, aiming for a fairer fiscal future. Learn how these changes could influence your financial decisions. Perfect for homeowners, investors, and financial professionals.

A Covid-19 Resource for Clients: Government of Canada Support for Individuals and Families | In this difficult time, we have compiled information regarding the support available to support individuals and families to help clients in need of assistance during this time.

Potential home buyers in cities with white-hot real estate markets got some relief in Tuesday’s federal budget with an incentive program that could lower mortgage payments for households making less than $120,000 per year.

The government unveiled a multi-pronged approach to housing affordability that centres on the incentive plan, but beefs up an existing initiative that allows buyers to withdraw money from their RRSPs, and a variety of measures to boost the supply of homes on the Canadian market.