A new home is shown for sale in a housing development in Ottawa on Tuesday, July 14, 2020. to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week.
"I think Canadians have a lot to be happy about moving forward when it comes to interest rates. You know, we got to think about the fact that we're hitting the five year anniversary of the pandemic and of course, the pandemic also spell ultra low interest rates. So we're going to see a lot of Canadians have their mortgage come up for renewal in the summer and fall that locked in at 1.5 per cent in 2020," said Napolitano.
Homebuyers needed an average income of $126,100 in September to buy the average priced home for sale in Ottawa, down from $127,830 in August. In May, the average income required to buy a home in Ottawa was $132,060.Small Business Week kicks off Sunday, Ottawa celebrates its entrepreneursB.C. wakes to election uncertainty, with Conservatives, NDP in tight race
The New Mexico National Guard continued search and rescue operations Sunday in Roswell after record rainfall resulted in severe flooding in and around the city and Chaves County and left at least one person dead.Importers say a new online portal for collecting taxes on goods shipped into Canada is creating headaches ahead of its rollout this week, with potential implications for consumers.
A sold-out crowd of professional wrestling fans in Windsor, Ont. set the stage for the debut edition of Maple Leaf Pro Wrestling .Victims of fatal Norfolk County crash identified by OPPThe Western Mustangs have finished second overall in the OUA Football Conference after punishing Windsor 46-5 Saturday at Alumni Stadium in London, Ont.The Forest City Film Festival begins Sunday with more than 90 films over eight days.