Interest rates

A new survey by Statistics Canada shows only about four in 10 Londoners say they have a high level of satisfaction with their lives

Potential tariffs by the United States on Canadian products could slow the pace of new home construction in London in 2025, with local industry watchers expressing concern over increases in the cost of materials and build times and an overall drop in demand.   U.S. President Donald Trump’s threat of blanket 25 per cent tariffs […]

London’s housing market ended 2024 on a positive note, bolstered by a strong fall that helped the region reach 8,000 homes sold for the first time in three years. All signs pointed to an even stronger 2025 amid lower interest rates and new mortgage rules meant to help first-time buyers. But clouds are now on […]

London’s housing market began the second half of the year the same way it ended the first: on a rather sluggish note. Read More

If one interest rate cut didn't spur activity in London’s housing market, two likely won't move the needle much either, industry observers say. Read More

On Wednesday, all eyes will be on Bank of Canada Governor Tiff Macklem, as many Canadians feeling the pinch from higher interest rates await the central bank’s decision on its policy rate. Many economists believe conditions are right to see the bank start cutting its key lending rate that has remained at five per cent since July 2023. Here’s everything you need to know about the bank’s upcoming decision. Read More