What's next for variable-rate mortgages in 2023?
2/14/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
One of the most prominent discussion points between brokers, agents and their clients, the fixed-versus-variable debate, took a significant swing in 2022 as a big trend of ...
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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" ...
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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. ...
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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 ...
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1/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu
National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ...
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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 ...
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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. ...
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Could the latest BoC announcement stabilize Canada's housing market?
12/21/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers ...
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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 ...
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Mortgage rates are already rising ahead of another hike by the Bank of Canada
10/18/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
While homeowners with variable-rate mortgages brace for another expected hike next week from the Bank of Canada, fixed-rates are rising too, according to rate insiders. ...
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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. ...
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Big banks hike short-term fixed mortgage rates as their popularity grows
9/25/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. ...
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Interest rate hike predicted for September despite inflation slowdown
8/17/2022 | Posted in Interest Rates by Jessi Sandhu
Bank of Canada still focused on bringing inflation down, say economists ...
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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 ...
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Bank of Canada hikes rate to 2.5% - here's what it means for you
7/13/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ...
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CMHC revises down home price forecast over next two years to adjust for interest rate spike
7/12/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
CMHC revises down home price forecast over next two years to adjust for interest rate spike. ...
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Extending mortgage period could keep payments in check even as rates rise
6/17/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ...
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Bank of Canada likely to mirror 0.75 per cent Fed hike next month: economists
6/16/2022 | Posted in Interest Rates by Jessi Sandhu
Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ...
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Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise
6/10/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
Central bank highlights rising debt loads and falling home prices among ...
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Canada home prices - why they're falling
6/8/2022 | Posted in Canadian Housing Market by Jessi Sandhu
House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known economist. ...
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Analysts: Large BoC hikes will likely end sooner than later
5/31/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say ...
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Bank of Canada all but certain to raise lending rates this week - with more hikes to come
5/30/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Central bank rate expected to hit 1.5% on Wednesday — soon it could be twice that ...
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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 Canada housing crash? Don't count on it, says RBC economist
5/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu
"This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown" ...
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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 meeting. ...
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National home sales drop over 12% in April as higher rates kick in
5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu
After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ...
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Lenders hike fixed rates yet again, closing in on 4.5%
5/9/2022 | Posted in Interest Rates by Jessi Sandhu
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ...
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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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What the Bank of Canada rate cut means for mortgages
3/5/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ...
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