4/10/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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  3/19/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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'I hope they're not tepid,' says expert about BoC's upcoming decisions

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  3/13/2024 | Posted in Mortgages and Real Estate by Russell Pearsall
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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

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  3/4/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 ... More

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  2/5/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 ... More

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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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  11/15/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

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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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  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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  7/24/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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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 ... More

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  7/12/2023 | Posted in Mortgage Interest Rates by Russell Pearsall
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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 ... More

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  6/27/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
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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

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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  6/15/2023 | Posted in Financial Health by Russell Pearsall
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Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More

Real Estate & Mortgage News

  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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  5/29/2023 | Posted in Interest Rates by Russell Pearsall
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.

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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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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

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  3/5/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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  3/4/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Real Estate & Mortgage News

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Real Estate & Mortgage News

  10/30/2019 | Posted in Interest Rates by Russell Pearsall
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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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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