Jessi Sandhu - Your Brampton Real Estate Agent
Mortgage Rates Canada News and Articles | My Blog

Bank of Canada pares bond purchases, sees rate hikes earlier

4/21/2021 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a ... More


How quickly will fixed rates rise in Canada?

4/11/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

market-growth-103.jpg - Real Estate News With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More


Rising mortgage rates yet to put a dent in exuberant housing market as policymakers take note

3/16/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

home-value-increase-443.jpg - Real Estate News If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action ... More


Bank of Canada Still Sees Low Rates Until 2023; Financial Markets Disagree

3/11/2021 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More


Bank of Canada seen resisting investor expectations of early rate hike

3/8/2021 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More


Housing market 'not ready' for spike in mortgage rates

3/1/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

cibc-office-250.jpg - Real Estate News CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More


Toronto real estate trends point to pandemic's unequal impact: CMHC

2/28/2021 | Posted in Toronto Real Estate by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News Demand for expensive homes in Toronto real estate is the result of the pandemic's economic impact ... More


Canadian Mortgage Rates Most Likely To Climb, Despite Low Overnight Rate

2/23/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More


Canadians piling on mortgage debt as hot housing market continues

1/20/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

get-home-sold-real-estate-266.jpg - Real Estate News Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More


Bank of Canada 'micro rate cut' bets in play as lockdowns weigh

1/13/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More


Time to lock in? The outlook for mortgages in 2021

1/5/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More


First-time homebuyers see new opportunities, challenges in pandemic economy

12/30/2020 | Posted in First Time Home Buyers by Jessi Sandhu

happy-people-looking-blueprint-254.jpg - Real Estate News With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time ... More


Bank of Canada keeps overnight rate frozen

12/9/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More


Mortgage boom sends Canadian consumer debt past $2 trillion

11/30/2020 | Posted in Financial Health by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More


Mortgage interest costs continued to fall in October

11/24/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More


Are five-year fixed mortgage rates in Canada about to increase?

11/23/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

senior-couple-55.jpg - Real Estate News Several mortgage brokers are warning of a spike in rates once bond yields recover. ... More


How long can interest rates stay low once a vaccine arrives?

11/10/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

coronavirus-468.jpg - Real Estate News Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news. ... More


Negative rates down the line are possible: BoC

10/13/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run. ... More


Canadian economy growing at steady, if dwindling, pace

10/1/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News A growing number of industries are now moving closer to their pre-pandemic output levels, as Canada’s gross domestic product increased by 3% monthly in July, according to ... More


Surge in outstanding residential mortgage credit: CMHC sees risk of delinquencies jumping

9/10/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

agent-meeting-contract-264.jpg - Real Estate News Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More


Property prices in Canada outstripped rest of G7 over the last 15 years - analysis

8/18/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

canadian-real-estate-markets-62.jpg - Real Estate News The rate of residential investment to Canadian GDP has also swelled dramatically ... More


Bank of Canada will maintain current level of policy rate

7/15/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More


Mortgage Rates Keep Setting New Record Lows

6/30/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

house-keys--home-sold-122.jpg - Real Estate News While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More


Record-low interest rates here to stay - for now

6/23/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More


Bank of Canada holds rate steady

6/3/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More


Canadians could see record low interest rates until 2022

6/1/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More


Interest rates are plunging - so why aren't mortgage rates?

4/5/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More


Mortgage rates are rising in Canada despite virus-relief cuts

3/31/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More


What the Bank of Canada rate cut means for mortgages

3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More


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