Inflation gave the rate market a breather, undershooting estimates on both headline and average core measures. But this is not a dovish report. Thus, Macklem’s finger is probably closer to the snooze button than the rate cut button.

More Canadian homebuyers tiptoed into the market last month. It was enough for realtors to claim a small victory and give lenders a lift in purchase business. The sales uptick drew applause from the real estate cheering section, even though month-over-month price moves—in most markets (not all)—ranged from

Much like the broader economy, real estate's mostly drifting, looking for directional inspiration. June CREA data confirms the market is stuck in an arm wrestle between positive and negative forces. We'll dissect those details shortly, but first, here were the highlights:

Fresh inflation prints just landed on both sides of the border, and judging by the data, tariff-flation is a thing. It's not a five-alarm fire—yet—but it’s enough to keep central bankers frozen like they’re watching a teleprompter glitch. As mortgage pros, we have to