Jessi Sandhu - Your Brampton Real Estate Agent
Bank of Canada Benchmark Rate News and Articles | My Blog

Inflation slows more than expected in January

2/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

canadian-cash-money-503.jpg - Real Estate News Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More


2024 rate-cut forecasts being revised following today's mixed-bag jobs report

2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

statistics-canada-80.jpg - Real Estate News Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More


The Bank of Canada's latest move may signal higher rates

2/10/2024 | Posted in Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets ... More


Fixed mortgage rates in Canada resume their decline amid economic volatility

2/3/2024 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. ... More


Market participants still expect the first Bank of Canada rate cut in April

2/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More


Canada's housing market to stabilize, but don't expect return to "rollicking" price gains, BMO says

1/29/2024 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More


Bank of Canada reveals first rate decision of 2024

1/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More


Rise in bond yields could send fixed mortgage rates higher, experts say

1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More


BoC set to leave rate unchanged in January, says RBC

1/19/2024 | Posted in Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada. ... More


Interest rate cuts, return to growth on economic horizon, Deloitte says

1/4/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. ... More


Bank of Canada could start cutting rates next year, says governor - BNN

12/19/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More


BoC to begin rate cuts by 2024's second quarter, market players say

11/7/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More


No more rate hikes expected as unemployment rate rises to 21-month high

11/3/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists ... More


Bank of Canada delivers rate hold, but maintains hawkish bias

10/25/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More


Mortgage interest costs now up over 80% since the start of the BoC's rate hikes

9/14/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

debt-stress-frustration-98.jpg - Real Estate News Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More


Bank of Canada holds key rate steady at 5 per cent, says economy is weakening

9/6/2023 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. ... More


Economists see Bank of Canada holding on rates after surprise GDP contraction

9/1/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

statistics-canada-80.jpg - Real Estate News Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More


Sustained low interest rates no longer possible, says former BoC governor

9/4/2023 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More


Canadian market participants see rates staying at 5 per cent in 2023: BoC survey

7/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the ... More


What mortgage owners need to know about the Bank of Canada's rate hike

7/13/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of higher ... More


How are mortgages keeping inflation high?

7/15/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high ... More


Struggling mortgage holders could see lenders waive fees under new guidelines

7/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher ... More


Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

7/12/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of ... More


Another rate hike coming, say Big Six banks

7/7/2023 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More


How risky is it to extend Canadian mortgage amortizations?

6/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More


Another week, another rise in fixed mortgage rates. How high could they go?

6/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More


BoC debated waiting until July to hike rates, but says data prompted it to act sooner

6/21/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data. ... More


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