Have fixed mortgage rates peaked?
5/24/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
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A 50-bps rate hike in June is ''virtually guaranteed'' after April's hot inflation reading
5/19/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June ... More
Interest rates are plunging - so why aren't mortgage rates?
4/5/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
Bond yields and central bank rates have never been lower, but not all the savings are filtering down.
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Mortgage rates are rising in Canada despite virus-relief cuts
3/31/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.
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Bank of Canada lowers overnight rate target to 1.25 percent
3/4/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More
Fixed rate mortgages could go on sale
1/29/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down
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Scotiabank pushes back its Bank of Canada rate cut forecast
11/29/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.
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The era of higher mortgage rates was short-lived
7/18/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.
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More mortgage rate cuts could be coming for Canadian homebuyers
6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.
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Bank of Canada announces interest rate decision
1/9/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More
Just one interest rate rise in 2019: BCREA
12/14/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More
The bond market is now sending a clear signal: Go with a variable-rate mortgage
12/6/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.
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No rate rise at least February suggests C.D. Howe Institute
11/30/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.
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Landing zone for rising interest rates 'sufficiently uncertain': Poloz
11/7/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More
Expect two rate rises in the next 3 months
10/5/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.
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Pace of interest rate hikes seen picking up with trade deal in hand
10/2/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More
Canadian borrowers will feel this week's U.S. interest rate hike
9/24/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
The world's biggest central bank is expected to raise rates this week - and then keep raising them
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Bank of Canada holds interest rates steady, but October hike looms
9/5/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its ... More
Expect Bank of Canada to maintain interest rates in September, unless GDP is off the charts
8/27/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks.
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Rate hike in July? It's all down to the data
6/25/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Economists still expect BoC rate rise but the numbers need to stack up.
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