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

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

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

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

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

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

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

Here's how a recession could affect your work, housing and expenses

10/14/2022 | Posted in Canada Living by Jessi Sandhu

Many economists say a mild recession is on the cards as they look ahead to 2023. ... More

Tags: Canada Living, Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Economic Recession, Household Debt, Rental Market

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

Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey

10/4/2022 | Posted in Home Buyers by Jessi Sandhu

With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home. ... More

Tags: Canada Real Estate, Canadian Household Wealth, Economic Growth, Economic Recession, First Time Home Buyers, Home Buyers

OECD predicts how high the Bank of Canada will go on rates

10/3/2022 | Posted in Interest Rates by Jessi Sandhu

While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates, Market Conditions

Experts: BoC rate hikes to go full steam ahead despite economic malaise

8/9/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More

Tags: Canada Living, Economic Growth, Mortgage Rates Canada, Mortgage Rates Forecast

Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

4/15/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More

Tags: Bank of Canada, Canada GDP, Canada Real Estate, Economic Growth

Bank of Canada: Key interest rate cut to lowest level

3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Coronavirus, Economic Growth

Canadian consumer confidence takes unprecedented slump

3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More

Tags: Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Personal Finance

Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

3/13/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More

Tags: Bank of Canada, Economic Growth, Household Debt, Variable Rate Mortgages

Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

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

No recession in 2020 says Conference Board of Canada

12/18/2019 | Posted in Canada Living by Jessi Sandhu

There will be growth for the Canadian economy in the next two years as the country avoids recession. ... More

Tags: Canada GDP, Canada Living, Economic Growth

Christies International chief expects global downturn in 2021

11/25/2019 | Posted in Global Real Estate Markets by Jessi Sandhu

A global recession would bring challenges for the global real estate market but it is unlikely next year according to one major firm’s leader. ... More

Tags: Economic Growth, Global Housing Market, World Real Estate Markets

Real estate will thrive in cities that adapt to new economic models

9/23/2019 | Posted in Commercial Real Estate by Jessi Sandhu

The cities where commercial real estate will thrive will be those that can adapt to the emerging demands of corporates and investors according to a new report. ... More

Tags: Commercial Real Estate Investments, Economic Growth, Toronto Commercial Real Estate, Toronto Real Estate, World Real Estate Markets

PwC forecasts Canada's top investment cities in 2020

9/20/2019 | Posted in Real Estate Investments by Jessi Sandhu

Surprise city makes the list. ... More

Tags: Canada Real Estate, Economic Growth, Real Estate Investments, Real Estate Investors

Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Jessi Sandhu

The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

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

5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ... More

Tags: Bank of Canada, Economic Growth

Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More

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

IMF urges Canada not to change policy despite calls to ease mortgage stress test

5/22/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

Tags: Canada Real Estate, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Home Buyers, IMF, Mortgages & Real Estate, Stress Test

Poloz expects rates to rise 'a bit' but unsure on timing

5/21/2019 | Posted in Interest Rates by Jessi Sandhu

Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates

Latest stats make interest rate hikes highly unlikely in 2019

5/1/2019 | Posted in Interest Rates by Jessi Sandhu

The latest reading of Canada’s economy brings both good and bad news for the housing market. ... More

Tags: Canada GDP, Economic Growth, Household Debt, Interest Rates, Mortgages & Real Estate, Statistics Canada

Bank of Canada's Poloz says stimulative rates needed for temporary soft patch

4/2/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Real Estate, Economic Growth, Household Debt, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

First growth for construction sector in 8 months, best since 2013

4/1/2019 | Posted in Real Estate Market by Jessi Sandhu

The start of 2019 saw an uptick for Canada’s construction sector as both residential and non-residential posted gains; and a stronger showing for real estate brokerages. ... More

Tags: Canada, Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Statistics Canada

4 Alarming Records

3/12/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More

Tags: Canada Real Estate, Canadian Banks, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Home Buyers, Interest Rates, Mortgage Market, Mortgages & Real Estate, Stress Test