Canada's profligate spending forced interest rates higher: Scotiabank
11/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ...
More
Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
10/18/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The overnight rate could settle around 3%, according to leading economist ...
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
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
Sustained low interest rates no longer possible, says former BoC governor
9/4/2023 | Posted in Interest Rates by Jessi Sandhu
This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ...
More
New report examines how rising interest rates have impacted home prices in Canada
8/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ...
More
Rising interest rates a factor as new homes sales dip in GTA: BILD
7/24/2023 | Posted in New Developments by Jessi Sandhu
Although new home sales in the Greater Toronto Area were up in June, the Building Industry and Land Development Association (BILD) says sales have dipped “significantly ...
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 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
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
Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow
6/11/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ...
More
"More pain" for variable-rate mortgage holders as the BoC hikes rates
6/7/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again. ...
More
6/6/2023 | Posted in Interest Rates by Jessi Sandhu
After hitting pause on rates, growing speculation the bank is ready to hike again ...
More
More than half of GTA condo investors losing money on properties, says new report
5/29/2023 | Posted in GTA Real Estate by Jessi Sandhu
'A change in investor behaviour is on the horizon,' report says ...
More
Further BoC hike may be necessary, says leading economist
5/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ...
More
Toronto House Prices Jump By $130,000 In A Year
3/6/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ...
More
Canadian Household Borrowing Jumps By 31%, StatCan Says
12/16/2019 | Posted in Financial Health by Jessi Sandhu
Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ...
More
Low interest rates are the market's lifeline during tougher times
9/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Employment figures had a major influence on the market's dynamics. ...
More
More Fed cuts expected to push Canadian interest rates lower
9/19/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ...
More
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. ...
More
The bank offering the world's first negative mortgage rate
8/18/2019 | Posted in Interest Rates by Jessi Sandhu
Negative mortgage interest rates offered in Denmark. How is it possible? ...
More
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. ...
More
Bank of Canada to cut rates in October, then twice more
7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ...
More
Inflation surges to highest in seven years, giving Bank of Canada room to hold rates
6/20/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ...
More
Bank of Canada maintains overnight rate target at 1.75 per cent
5/29/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada today maintained its target for the overnight rate. ...
More
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. ...
More
Delinquency rates hold steady even as credit market grows
5/23/2019 | Posted in Financial Health by Jessi Sandhu
The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ...
More
Poloz expects rates to rise 'a bit' but unsure on timing
5/21/2019 | Posted in Interest Rates by Jessi Sandhu
Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ...
More
Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis
5/14/2019 | Posted in Financial Health by Jessi Sandhu
Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ...
More
5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ...
More
Latest stats make interest rate hikes highly unlikely in 2019
5/1/2019 | Posted in Interest Rates by Jessi Sandhu
The latest reading of Canada’s economy brings both good and bad news for the housing market. ...
More
Household debt to have knock-on effect upon banks, economy
4/29/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canadians now owe an average of $1.79 for every dollar of disposable income. ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.