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

What's next for variable-rate mortgages in 2023?

2/14/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgages-475.jpg - Real Estate News 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 ... More


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

cibc-office-250.jpg - Real Estate News "They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More


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

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

mortgage-rates---interest-rates-48.jpg - Real Estate News 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


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

Bank-of-Canada-4.jpg - Real Estate News 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


Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

1/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ... More


What to Expect From Canadian Real Estate in 2023

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

canadian-real-estate-markets-62.jpg - Real Estate News 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


Could the latest BoC announcement stabilize Canada's housing market?

12/21/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers ... More


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

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

bank-of-canada-governor-481.jpg - Real Estate News 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


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

mortgage-cloud-44.jpg - Real Estate News 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. ... More


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

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

market-growth-103.jpg - Real Estate News 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


Big banks hike short-term fixed mortgage rates as their popularity grows

9/25/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. ... More


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

business-data-reporting-274.jpg - Real Estate News A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More


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

mortgage-rates---interest-rates-48.jpg - Real Estate News 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 ... More


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

real-estate-market-growth-125.jpg - Real Estate News CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More


Extending mortgage period could keep payments in check even as rates rise

6/17/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu

real-estate-transaction--mortgage-application-134.jpg - Real Estate News 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 ... More


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

bank-of-canada-governor-481.jpg - Real Estate News Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ... More


Canada home prices - why they're falling

6/8/2022 | Posted in Canadian Housing Market by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News 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. ... More


Analysts: Large BoC hikes will likely end sooner than later

5/31/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-value-increase-443.jpg - Real Estate News The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say ... More


Have fixed mortgage rates peaked?

5/24/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months. ... More


A Canada housing crash? Don't count on it, says RBC economist

5/25/2022 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News "This is more likely to be a soft landing than a severe correction or some kind of crash or meltdown" ... More


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

contract-real-estate-mortgage-102.jpg - Real Estate News 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. ... More


National home sales drop over 12% in April as higher rates kick in

5/17/2022 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News 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 ... More


Lenders hike fixed rates yet again, closing in on 4.5%

5/9/2022 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ... 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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