User Posts: Vikas Palan
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Inflation Reaches Bank of Canada’s 2% Target
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The Current Inflation rate in Canada is 2% as of August 2024 Consumer Price Index Growth Slows to Lowest Level in Over Three Years Canada's inflation rate ...

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Federal Government Raises Mortgage Cap to $1.5 Million, Expands 30-Year Amortization
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The federal government is taking steps to address the housing affordability crisis by raising the cap on insured mortgages to $1.5 million and expanding access ...

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Ontario Sales Tax
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The Harmonized Sales Tax (HST) in Ontario is 13%. The Harmonized Sales Tax (HST) is applied to most goods and services in Ontario, although there are ...

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First Time Home Buyers Mortgage: Everything you need to know.
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Explore the comprehensive guide for first-time homebuyers in Canada, covering mortgage options, the mortgage stress test, pre-approval process, and tips for ...

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Bank of Canada Sees Less Risk of Housing Market Overheating as Demand Softens
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The Bank of Canada observes reduced housing market overheating risks due to cooling demand and ongoing affordability challenges. Elevated borrowing costs and ...

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Canadian Real Estate Faces The Worst Market Since 90s Recession: CIBC
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Canadian real estate faces its toughest market conditions since the 90s recession, particularly in the Toronto condo market. High investor presence, rising ...

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Canadian mortgage rates have fallen to a 17-month low following the Bank of Canada’s recent rate cuts
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Canadian mortgage rates have fallen to a 17-month low following the Bank of Canada's recent rate cuts, presenting new opportunities for borrowers despite a ...

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What is the current Prime Rate in Canada and How is it Set?
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The prime rate in Canada is a benchmark interest rate set by financial institutions, influencing the rates for various lending products. It directly impacts ...

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Bank of Canada Lowers Interest Rates for the second consecutive time to Support the Economy
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The Bank of Canada has cut interest rates again, lowering the overnight rate to 4.50%. This move aims to control inflation while supporting the economy, ...

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Inflation Falls to 2.7% in June, Driven by Slower Growth in Gas Prices: StatCan
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Canada's inflation rate dropped to 2.7% in June, primarily due to slower growth in gasoline prices. Statistics Canada notes a significant impact from falling ...

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