Bank of Canada rate cut now 'a near certainty'

3/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bond markets predicting interest rates to fall – and possibly very soon ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market

Bank of Canada keeping options open but could be done on hikes: CIBC's Tal

3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The central bank has left its policy rate untouched for the first time in over a year ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada GDP, Canada Living, Canada Real Estate, Canadian Economy

Bank of Canada holds key interest rate at 4.5 per cent

3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate

The end is nigh for Canada's housing market downturn, RBC reports

3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ... More

Tags: Bank of Canada Benchmark Rate, Canada Real Estate, Canadian Economy, Canadian Home Sales, Canadian Housing Market, Canadian Housing Market Downturn, Canadian Housing Market Recovery, Housing Correction Canada

BoC expected to hold interest rate next week, one year after aggressive cycle began

3/3/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Variable Rate Mortgages

Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns

2/22/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession, Interest Rates

BoC: Time to pause but there are no guarantees that will stick

2/16/2023 | Posted in Interest Rates by Jessi Sandhu

Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, First Time Home Buyers, Home Buyers, Household Debt, Mortgage Consumers, Variable Rate Mortgages

What's next for fixed mortgage rates in Canada?

2/8/2023 | Posted in Real Estate News by Jessi Sandhu

A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Real Estate, Fixed Rate Mortgages, Mortgage Consumers

Macklem defends Bank of Canada rate pause as growth grinds to halt

2/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Canadian Economy, Economic Growth, Economic Recession, Household Debt

Bank of Canada comments offer light at the end of the tunnel for real estate, mortgage markets, experts say

1/26/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Central bank signalled it would put the rate hiking cycle on pause - at least for now ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, First Time Home Buyers, Home Buyers, Interest Rates

Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict

1/16/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession, Mortgage Rates Canada, Mortgage Rates Forecast

Here's what another Bank of Canada rate hike means for Canadians

1/27/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Variable Rate Mortgages

Bank of Canada hikes rates, becomes first major central bank to signal pause

1/25/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates

Fed and Bank of Canada have reason to pause hikes, says strategist

1/24/2023 | Posted in Interest Rates by Jessi Sandhu

The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal strategist. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Mortgage Consumers, Mortgage Rates Canada, Variable Rate Mortgages

BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

1/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Interest Rates, Mortgage Rates Canada, Mortgage Rates Forecast

What to Expect From Canadian Real Estate in 2023

1/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ... More

Tags: Bank of Canada Benchmark Rate, Canada Living, Canada Real Estate, Mortgage Rates Canada

Will the Bank of Canada raise mortgage rates again in 2023?

1/3/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

Some industry analysts believe the time for rate hikes has come to an end. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Market, Mortgage Rates Canada, Mortgage Rates Forecast, Variable Rate Mortgages

Bank of Canada could be done on hikes for now: CIBC's Tal

12/8/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves" ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates, Mortgage Rates Forecast

Much higher interest rates will be needed if inflation sticks, says Macklem

12/12/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Economy, Economic Growth, Economic Recession

Bank of Canada announces another big hike

12/7/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates in ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Interest Rates, Variable Rate Mortgages

Forecasters split on how high Bank of Canada will push next rate hike

12/4/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Living, Economic Growth, Economic Recession

BoC expected to end year off with one more rate increase, likely to pause hikes soon

12/2/2022 | Posted in Interest Rates by Jessi Sandhu

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Home Buyers, Household Debt, Mortgage Consumers, Variable Rate Mortgages

Canadian inflation holds steady, boosting chances of 25-bp rate hike

11/16/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

Tags: Bank of Canada Benchmark Rate, Economic Growth, Economic Recession, Variable Rate Mortgages

BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Living, Consumer Confidence, Consumer Spending, Household Debt, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Mortgage Rates Forecast, Variable Rate Mortgages

Bank of Canada makes another big rate hike

10/26/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu

The move marks the latest "supersized" rate jump of 2022 ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates, Variable Rate Mortgages

Bank of Canada expected to raise interest rates on Wednesday as recession fears grow

10/25/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Economic Recession, Interest Rates

Bank of Canada rate hike: Here's what economists are expecting

10/20/2022 | Posted in Interest Rates by Jessi Sandhu

Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Banks, Interest Rates, Mortgage Rates Forecast

Canadian home sales soften again from August to September

10/14/2022 | Posted in Canadian Housing Market by Jessi Sandhu

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ... More

Tags: Bank of Canada Benchmark Rate, Canada Living, Canada Real Estate, Canadian Home Sales, Canadian Housing Market, CREA

BoC hikes need not be tethered to US rates, says former Fed official

10/13/2022 | Posted in Interest Rates by Jessi Sandhu

The Bank of Canada is not beholden to the United States Federal Reserve’s aggressive rate-hike trajectory, according to Randal Quarles, the Fed’s former vice chair. ... More

Tags: Bank of Canada Benchmark Rate, Interest Rates, Mortgage Rates Canada, Mortgage Rates Forecast

BoC's Macklem: More interest rate hikes are "warranted"

10/7/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu

Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Economic Growth, First Time Home Buyers, Home Buyers, Household Debt, Interest Rates, Variable Rate Mortgages