Skip to main content

Featured

BoC Opens the Door to Rate Hikes: What It Means for Your Mortgage

  Published September 4, 2026 The Bank of Canada held its policy rate at 2.25% on September 2 — the seventh straight hold — but Governor Tiff Macklem didn't sound like a central banker done for the year. He told reporters the Bank is "prepared to raise interest rates, and if it takes more than one increase, we're prepared to do that," if inflation stays too high. That's a real shift in tone, and it lands right as a wave of Canadians hit their mortgage renewal date. Here's what changed, who's forecasting what, and what it actually means for your payment. Why the Bank Suddenly Sounds Hawkish Canada's annual inflation rate has climbed to around 3% — a full point above the Bank's 2% target — and the Bank is pointing squarely at energy prices. Oil has stayed elevated because of the Iran conflict and disruption near the Strait of Hormuz, pushing gas prices up and dragging headline CPI with it. Core inflation, which strips out food and energy, is still s...
Post a Comment
Read more

article

Labels

Ottawa Launches $13B Push for Affordable Housing Through Build Canada Homes

Prime Minister Mark Carney walks up the stairs as he tours a new modular home being built by Caivan Homes, at an announcement for the new federal agency Build Canada Homes, in Ottawa on Sunday, Sept. 14, 2025.

Prime Minister Mark Carney has unveiled Build Canada Homes, a new federal agency tasked with accelerating affordable housing construction across the country. Backed by a $13 billion budget, the agency will oversee the development of 4,000 housing units on six federally owned sites in Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg, and Edmonton.

The initiative aims to tackle Canada’s housing shortage by offering financial incentives to builders, reducing upfront costs, and streamlining the permitting process. Carney emphasized that unlocking federal land for housing will help lower construction expenses, ultimately reducing rents and home prices for Canadian families.

Build Canada Homes will prioritize modern, cost-efficient building methods such as modular and mass timber construction, enabling faster year-round builds. The plan also includes a $1 billion transitional housing fund to support people at risk of homelessness, and a continued commitment to the federal rental protection program.

Former Toronto deputy mayor Ana Bailão will lead the agency, which is expected to break ground on its first projects next year. Carney described the effort as a “supercharged” approach to housing, designed to deliver homes at scale while boosting the use of Canadian-made materials.


Labels:

Comments

Post a Comment