Bank of Canada will maintain current level of policy rate
7/15/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ...
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Record-low interest rates here to stay - for now
6/23/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ...
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Bank of Canada holds rate steady
6/3/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Big Six banks slash prime rates by half a point
3/17/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ...
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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 ...
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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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Bank of Canada lowers overnight rate target to 1.25 percent
3/4/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ...
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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. ...
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Ultra-low Rates Will Persist: RBC
1/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ...
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Canadian households to get short break from rising debt costs
12/31/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
TD economists says the cost of servicing debts should ease early in 2020 ...
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Bank of Canada keeps key interest rate target on hold
12/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ...
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Bank of Canada announces interest rate decision
10/30/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ...
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Canadian mortgage borrowers have a 'rare opportunity'
9/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ...
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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. ...
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A Bank of Canada rate cut as early as September
8/20/2019 | Posted in Interest Rates by Jessi Sandhu
A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ...
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With fixed rates below variable ones, mortgage market is in the Upside Down
7/28/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ...
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The era of higher mortgage rates was short-lived
7/18/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ...
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Bank of Canada keeps key interest rate steady
7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ...
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Mortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ...
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More mortgage rate cuts could be coming for Canadian homebuyers
6/11/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ...
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Canadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Jessi Sandhu
Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ...
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Interest rate cut now unlikely say economists
5/27/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ...
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Bank of Canada keeps rates steady, cuts language about future hikes
4/24/2019 | Posted in Interest Rates by Jessi Sandhu
Bank of Canada keeps rates steady, cuts language about future hikes. ...
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Bank of Canada 'going nowhere' with interest rates into 2020: Economist
4/3/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ...
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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. ...
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Bank of Canada to hold interest rates through 2020: TD Securities
3/15/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ...
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12/17/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ...
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Just one interest rate rise in 2019: BCREA
12/14/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ...
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The bond market is now sending a clear signal: Go with a variable-rate mortgage
12/6/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ...
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Bank of Canada makes key interest rate announcement
12/5/2018 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is leaving its key interest rate unchanged. ...
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