2/9/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Real Estate & Mortgage News

  2/3/2024 | Posted in Interest Rates by Russell Pearsall
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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.

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  1/19/2024 | Posted in Interest Rates by Russell Pearsall
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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.

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  1/18/2024 | Posted in Mortgage Interest Rates by Russell Pearsall
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

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Real Estate & Mortgage News

  12/19/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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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

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  12/15/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

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  11/20/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Real Estate & Mortgage News

  9/6/2023 | Posted in Interest Rates by Russell Pearsall
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The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening.

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Real Estate & Mortgage News

  9/4/2023 | Posted in Interest Rates by Russell Pearsall
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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025

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Real Estate & Mortgage News

  8/6/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
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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 ... More

Real Estate & Mortgage News

  7/24/2023 | Posted in New Developments by Russell Pearsall
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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

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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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 ... More

Real Estate & Mortgage News

  6/21/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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.

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  6/11/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 ... More

Real Estate & Mortgage News

  6/7/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.

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Real Estate & Mortgage News

  6/6/2023 | Posted in Interest Rates by Russell Pearsall
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After hitting pause on rates, growing speculation the bank is ready to hike again

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Real Estate & Mortgage News

  5/29/2023 | Posted in GTA Real Estate by Russell Pearsall
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'A change in investor behaviour is on the horizon,' report says

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Real Estate & Mortgage News

  5/24/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings

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Real Estate & Mortgage News

  3/6/2020 | Posted in Toronto Real Estate by Russell Pearsall
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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" ... More

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Russell Pearsall
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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.

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Real Estate & Mortgage News

  9/25/2019 | Posted in Mortgages and Real Estate by Russell Pearsall
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Employment figures had a major influence on the market's dynamics.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Russell Pearsall
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Russell Pearsall
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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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Real Estate & Mortgage News

  8/18/2019 | Posted in Interest Rates by Russell Pearsall
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Negative mortgage interest rates offered in Denmark. How is it possible?

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Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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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Real Estate & Mortgage News

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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.

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Real Estate & Mortgage News

  6/20/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Russell Pearsall
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The Bank of Canada today maintained its target for the overnight rate.

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Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Russell Pearsall
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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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