Fifteen months into this harrowing tightening cycle, Canada's real (inflation-adjusted) policy rate is "unequivocally in positive territory." That was BMO Economics' assessment after last week's BoC hike. Real rates are hard for most to wrap their heads around, but they matter. For one

Canadian housing affordability is just about the worst ever. That's especially problematic for first-time buyers who: * can barely scrape together the minimum 5% to 7.5% down payment * have strong credit and solid employment * have debt ratios above the 39% #GDS#/ 44% #TDS# insurer limits * can't

Floating-rate borrowers hoped (prayed) the Bank of Canada’s rate pause would last. It lasted all of 133 days. The Bank was forced to hike before seeing today's vital jobs report, before a cut was priced in and with no press conference Wednesday to explain itself. That'

In a competitive mortgage market, brokers sometimes have to take the road less travelled. That includes trying lenders they wouldn’t usually think of. One lender that most brokers don’t think of is Shinhan Bank Canada, a subsidiary of Korea’s second-largest bank by assets. But it may pay