developers - Fix Team

Smith Financial to buy Home Capital Group as mortgage industry under strain

By:Building .caPosted: Nov 28th, 2022In: ConstructionNews

TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising[...]

Long term rate hikes effects will be ‘more powerful’ than people think: Poloz

By:Building .caPosted: Nov 26th, 2022In: ConstructionNews

OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be “even more powerful” than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path[...]

Inflation relief measures should be well targeted and temporary, says Macklem

By:Building .caPosted: Nov 24th, 2022In: ConstructionNews

OTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem. At a House of Commons committee meeting Wednesday, Conservative MP Adam Chambers asked the governor[...]

Economists see signs of inflation easing, despite annual rate holding steady

By:Building .caPosted: Nov 17th, 2022In: ConstructionNews

OTTAWA – Canada’s annual inflation rate held steady in October, but economists say it’s trending in the right direction. In its latest consumer price index report, Statistics Canada said the country’s annual inflation rate was 6.9 per cent[...]

CMHC says annual pace of housing starts slowed in October

By:Building .caPosted: Nov 16th, 2022In: ConstructionNews

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September. The national housing agency says the seasonally adjusted annual[...]

Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem

By:Building .caPosted: Nov 11th, 2022In: ConstructionNews

TORONTO – Canada’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday. Speaking before students and researchers at Toronto Metropolitan University, the governor[...]

Bank of Canada slows pace of rate hikes but Macklem warns more to come

By:Building .caPosted: Oct 27th, 2022In: ConstructionNews

OTTAWA – The Bank of Canada signalled it is drawing closer to the end of what’s been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point – but made it[...]

60% of Canadians concerned about impact of rising rates: MNP survey

By:Building .caPosted: Oct 25th, 2022In: ConstructionNews

As another Bank of Canada interest rate hike is to be announced Wednesday (26th), a recent poll conducted by Ipsos on behalf of MNP Ltd finds that six in ten Canadians (59%,+1pt) say they are[...]

Canada’s hotter than expected inflation reading sets stage for another rate hike

By:Building .caPosted: Oct 21st, 2022In: ConstructionNews

OTTAWA – Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. In[...]

BoC’s Macklem says he’s not backing down on rate hikes, even as recession fears grow

By:Building .caPosted: Oct 19th, 2022In: ConstructionNews

Bank of Canada governor Tiff Macklem emphasized Friday (Oct. 14) that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year. Now is not the time to be[...]