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  9/22/2023 | Posted in Mortgage Interest Rates by Dan Antia
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

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  9/4/2023 | Posted in Interest Rates by Dan Antia
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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 ... More

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  8/2/2023 | Posted in Mortgage Interest Rates by Dan Antia
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A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said. ... More

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  7/24/2023 | Posted in Mortgage Interest Rates by Dan Antia
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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 the ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Dan Antia
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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

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  6/24/2023 | Posted in Mortgage Interest Rates by Dan Antia
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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 used ... More

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  6/22/2023 | Posted in Mortgages and Real Estate by Dan Antia
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

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  6/21/2023 | Posted in Canadian Economy and Interest Rates by Dan Antia
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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. ... More

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  6/16/2023 | Posted in Mortgage Interest Rates by Dan Antia
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Central banks seek sweet spot between fighting inflation and sparking recession ... More

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  6/11/2023 | Posted in Canadian Economy and Interest Rates by Dan Antia
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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 high ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Dan Antia
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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. ... More

Real Estate & Mortgage News

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

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  4/5/2020 | Posted in Mortgage Interest Rates by Dan Antia
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More

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  3/31/2020 | Posted in Mortgage Interest Rates by Dan Antia
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

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

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Dan Antia
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  1/29/2020 | Posted in Mortgage Interest Rates by Dan Antia
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

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

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

Real Estate & Mortgage News

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Dan Antia
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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

  11/29/2019 | Posted in Mortgage Interest Rates by Dan Antia
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Dan Antia
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

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

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  9/6/2019 | Posted in Mortgages and Real Estate by Dan Antia
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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. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Dan Antia
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Dan Antia
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Dan Antia
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More

Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Dan Antia
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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. ... More

Real Estate & Mortgage News

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