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Bank of Canada deputy governor's advice to anyone renewing a mortgage
Senior deputy governor Carolyn Rogers says maintaining the level of interest rates may bring up mortgage payments but will, in the long term, stabilize the economy.
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Stocks Dip, Yields Drop on Latest Sign of Slowing Economy
Stocks are dipping on Wall Street Wednesday, and Treasury yields are dropping following the latest signals that the U.S. economy is slowing under the weight of much higher interest rates.
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Workers struggle to clear encampment on Downtown Eastside
In Vancouver, resignation and frustration as workers struggle to clear homeless people from the street in an encampment on the Downtown Eastside. The rain brought added challenges but people have been told nothing can remain today.
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Canada’s infant mortality rate on the rise
Canada’s infant mortality rate is on the rise. The country has fallen from the top 10 of developed nations to near the bottom of the ranking — a clear sign that health care and support for new mothers is slipping.
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Stocks Drift, Yields Drop on Latest Sign of Slowing Economy
Stocks are drifting on Wall Street Wednesday, and Treasury yields are falling following the latest signal that the U.S. job market is slowing under the weight of much higher interest rates.
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Federal budget includes ‘grocery rebate’ but drops rental benefit
The federal government’s new budget includes a temporary boost to GST credit payments that’s being billed as a grocery rebate to help with rising food costs. However, it also drops a rental housing benefit and contains little else in the...
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Avg. Fixed Mortgage Rate Falls Below 6% For First Time Since Sept.
Average mortgage rates on a 30-year fixed loan fell below 6% for the first time since September, following the Fed's move to slightly cut rates.
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This mega-lab can create sun, snow, wind and rain - all to work out how to build better houses
The lab was created to help builders and scientists find the best way to improve energy efficiency in homes.
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Today Explained: White House Releases Blueprint for Renters' Rights as Prices Soar
The Biden administration released the "renters' bill of rights" as rent prices soar.
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Couple who lost house to fraud call for stricter real estate rules
A couple whose Toronto home was stolen are calling for stricter rules around how real estate transactions are handled after fraudsters posed as them using fake IDs to sell their home without their knowledge.
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The extent of real estate fraud and its links to organized crime
A CBC News investigation has found that cases of real estate fraud where homes are being put on the market without the owners’ knowledge are more widespread than authorities initially indicated, and that organized crime groups are behind...
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Food bank usage expected to increase 60% in 2023: report
Food bank usage is expected to see a 60 per cent increase in 2023, according to a new report from food rescue organization Second Harvest. A number of factors are driving the increased demand, including inflation and wages that aren’t...
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Barclays: Home Prices on the Decline
Home prices are expected to drop, according to Barclays.
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Food bank usage expect to increase 60% in 2023: report
Food bank usage is expected to see a 60 per cent increase in 2023, according to a new report from food rescue organization Second Harvest. A number of factors are driving the increased demand, including inflation and wages that aren’t...
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Pocket resident describes home retrofit
Raj Sandhu and her husband are currently in the process of retrofitting their home in the Pocket neighbourhood in Toronto. Their renovation will eventually include a heat pump and solar panels.
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Expect another tough economic year ahead, analysts say
The International Monetary Fund expects one-third of the world to be in a recession in 2023 as the Bank of Canada says the financial pains Canadians struggled with last year are not going away.
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Ont. homebuyers struggle to close sales after interest rates rise
A group of Ontario residents who bought pre-construction homes in a development in Brampton right before the real estate market downturn are struggling to close their deals because they can't get mortgages following the rise in interest...
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Taking a Deeper Look Into Rising Prices This Year
Cheddar News takes a deep look into rising prices across all sectors this year.
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Rent Rage: You need to earn how much to live in Toronto?
For the first time ever, the average rent in Canada has soared past $2,000/month — and it's even higher for people living in Toronto. CBC’s Ellen Mauro breaks down how it got so bad and what it will take to fix the problem.
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Toronto shelters turning away average of 168 people a day
As winter settles in, concern is rising for Toronto's homeless population. On average, 168 people a night are turned away from the city's shelters due to high demand and lack of space, prompting calls for the city to do more.
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Plant Prefab Shakes Up Homebuilding Industry
Steve Glenn, founder & CEO of Plant Prefab, a sustainable homebuilding startup, joined Cheddar News to discuss the company's latest funding round and business model.
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Rate hikes have had 'zero impact' on inflation, says economist
Jim Stanford, director of the Centre for Future Work says raising interest rates is not the only way to tackle inflation in Canada.
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Londoners now spend 75 per cent of their income on their mortgage
London homeowners are spending three quarters of their incomes on paying their mortgage following the fall out from Liz Truss’s mini Budget, an economist revealed today.Robert Gardner, chief economist at Nationwide, said the staggering...
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City of Winnipeg working to support Indigenous women and children, says mayor
Winnipeg Mayor Scott Gillingham reacts to the death of Linda Beardy, a 33-year-old First Nations mother whose body was found in a landfill on Monday, and talks about the city's response to the calls for accountability.