Tag: Bank of Canada
Jobs, $7.8B in U.S. exports at stake as tariff threat hits London manufacturers
Manufacturers in London plan to cut their workforce as the fallout of threatened 25 per cent tariffs on Canadian-made goods exported to the United States is already being felt, the manager of the London Region Manufacturing Council said Monday. U.S. President Donald Trump said the tariffs would kick in Tuesday, but Prime Minister Justin Trudeau […]
U.S. tariff threat creating ‘uncertainty, concern’ for London home builders
Potential tariffs by the United States on Canadian products could slow the pace of new home construction in London in 2025, with local industry watchers expressing concern over increases in the cost of materials and build times and an overall drop in demand. U.S. President Donald Trump’s threat of blanket 25 per cent tariffs […]
Interest rates, Donald Trump and London’s 2025 housing market outlook
London’s housing market ended 2024 on a positive note, bolstered by a strong fall that helped the region reach 8,000 homes sold for the first time in three years. All signs pointed to an even stronger 2025 amid lower interest rates and new mortgage rules meant to help first-time buyers. But clouds are now on […]
More Londoners falling behind on mortgage payments: CMHC
The number of Londoners behind on mortgage payments has tripled during the past two years, reaching rates not seen since 2017.
Here’s why London-area home sales hit three-year high in 2024
A stronger second half of the year, spurred by dropping interest rates, helped boost London’s housing market.