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Bank of Canada Holds the Line as Global Turmoil Clouds Outlook

  Bank of Canada Governor Tiff Macklem takes part in a press conference in Ottawa on September 17, 2025 The Bank of Canada has opted to keep its key interest rate steady at 2.25%, a decision that reflects the delicate balancing act policymakers face as global uncertainty intensifies. With inflationary pressures rising and economic growth showing signs of strain, the central bank is navigating a narrow path shaped by forces largely outside its control. A major driver of the current tension is the surge in oil prices triggered by ongoing geopolitical conflict. Higher energy costs are feeding into broader inflation, raising concerns that price pressures could become more persistent. At the same time, elevated borrowing costs and weakening consumer confidence are weighing on domestic economic momentum. By holding the rate, the Bank of Canada signals caution: it aims to avoid stifling growth while still keeping inflation expectations anchored. The central bank emphasized that it rema...
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Is Now the Time to Invest in Your Dream Cottage? Experts Predict a 4.5% Drop in Cottage Prices Across Canada in 2023

The Canadian cottage market has been on a rollercoaster ride for the past two years, with prices soaring to unprecedented heights. However, the market is now starting to stabilize, and experts predict a 4.5% dip in cottage prices across the country in 2023. This forecasted drop in prices could be attributed to general consumer inflation and a severe lack of inventory, which has dampened sales activity.

Despite the market stabilizing, buying a cottage is still expensive, with prices remaining 32% higher than pre-pandemic levels. However, with the predicted price drop, now could be the perfect time for buyers to pounce and invest in their dream cottage.

If you’re considering buying a cottage, it’s essential to keep in mind that prices vary across the country. For instance, in Ontario, the aggregate price of a waterfront property increased by 8.9% in 2022, compared to 2021. In contrast, Quebec saw a 17.3% increase in the aggregate price of a waterfront property in 2022.

In conclusion, with the predicted price drop in 2023, now could be the perfect time for buyers to invest in their dream cottage. However, it’s essential to keep in mind that prices vary across the country, and it’s crucial to do your research before making any investment decisions.

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