CMHC says risks remain in mortgage market as delinquencies creep up
11/4/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
Bank of Canada slashes rates, says monetary policy has worked
10/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ... More
Five of six Canadian banks predict sharper rate cut as inflation slows
10/21/2024 | Posted in Interest Rates by Jessi Sandhu
Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated. ... More
Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada's next move
10/11/2024 | Posted in Interest Rates by Jessi Sandhu
Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ... More
Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More
Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession. ... More
Interest rate cut welcome news for homeowners with variable-rate mortgages
9/5/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ... More
Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More
Canadian house prices could rise by up to 6% in steady fall market
9/3/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Interest rate cuts should spark buying activity says RE/MAX Canada ... More
The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More
Bank of Canada seen cutting rates faster after weak U.S. jobs data
8/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes
7/26/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
7/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More
Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists
7/16/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June. ... More
Economists say BoC could cut interest rates again in July if inflation keeps cooling
6/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More
Bank of Canada officials worry that rate cuts may overheat the housing market
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More
Bank of Canada cuts key rate for first time in more than 4 years
6/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More
Bank of Canada considered waiting until July to cut interest rates
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More
June rate cut still a "close call" despite lower inflation in April
5/21/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More
Bank of Canada set for June rate cut, diverging from Fed
5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More
Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More
Bank of Canada leaves spring housing market in 'holding pattern'
4/10/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
News not all bad as central bank signals possibility of rate relief in June ... More
Bank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More
Bank of Canada to keep rates on hold this week, first cut seen as early as June
4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ... More
Inflation expectations cast shadow on BoC's rate decision
4/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More
Inflation metrics give BoC room to talk cuts
3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists widely expect central bank to start cutting rates in June ... More
Variable or short-term fixed mortgage? Where experts see the "sweet spot"
3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More
Bank of Canada makes interest rate decision
3/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More
Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
3/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts ... More
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