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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rate Forecast

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

10/1/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53% ... More

Tags: Interest Rate Forecast, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Variable Rate Mortgages

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Interest Rate Forecast, Variable Rate Mortgages

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canadian Debt, Interest Rate Forecast, Interest Rates, Mortgage Interest Costs, Variable Rate Mortgages

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rate Forecast, Mortgage Interest Costs, Variable Rate Mortgages

The Big Banks are slashing their interest rate forecasts

8/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More

Tags: Big Six, Interest Rate Forecast, Mortgage Rate Forecast

Fixed mortgage rates are falling again. Here's why

8/1/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves? ... More

Tags: Fixed Rate Mortgages, Home Buyers, Interest Rate Forecast, Mortgage Rates Canada

Borrowers must adapt to 'new normal' of higher rates, says Macklem

6/16/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ... More

Tags: Interest Rate Forecast, Interest Rates, Mortgage Consumers

BoC to cut interest rates on June 5, three further times this year: Poll

5/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Tags: Housing Market Forecast, Interest Rate Forecast, Mortgage Rate Forecast

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rate Forecast, Interest Rates

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Living, Canadian Home Sales, Canadian Housing Market, Interest Rate Forecast

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Interest Rate Forecast, Interest Rates

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Interest Rate Forecast

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rate Forecast, Variable Rate Mortgages

We could reach 2% inflation by this summer: National Bank

2/28/2024 | Posted in Interest Rates by Jessi Sandhu

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rate Forecast, Interest Rates

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Immigration, Interest Rate Forecast, Interest Rates, Population Growth, Statistics Canada

Fixed mortgage rates in Canada resume their decline amid economic volatility

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Interest Rate Forecast, Interest Rates

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canada Real Estate, Canadian Banks, Canadian Debt, Canadian Housing Market Slowdown, Interest Rate Forecast, Recession, Variable Rate Mortgages

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

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

This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More

Tags: Bank of Canada Benchmark Rate, First Time Home Buyers, Fixed Rate Mortgages, Home Buyers, Interest Rate Forecast, Interest Rates, Mortgage Interest Costs

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

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Housing Market Forecast, Interest Rate Forecast

2024 housing market and interest rate forecasts

12/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 ... More

Tags: Canadian Home Sales, Canadian Housing Market, Housing Market Forecast, Interest Rate Forecast, Mortgage Rate Forecast