6/23/2020 | Posted in Mortgage Interest Rates by Micheal Turk
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

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  4/5/2020 | Posted in Mortgage Interest Rates by Micheal Turk
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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 Micheal Turk
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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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  3/4/2020 | Posted in Mortgage Interest Rates by Micheal Turk
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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

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  1/29/2020 | Posted in Mortgage Interest Rates by Micheal Turk
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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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  11/29/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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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

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  7/18/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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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

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  6/11/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

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  1/9/2019 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

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  12/14/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

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  12/6/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

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  11/30/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

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  11/7/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and 3.5 ... More

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  10/5/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

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  10/2/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

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  9/24/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

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  9/5/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next ... More

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  8/27/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks. ... More

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  6/25/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Economists still expect BoC rate rise but the numbers need to stack up. ... More

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  5/30/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

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  5/28/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Bank of Canada will probably raise rates twice this year, likely in the summer and in fall according to Dominion Lending Centres chief economist Sherry Cooper. ... More

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  4/27/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

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  4/18/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... More

Real Estate & Mortgage News

  3/7/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per ... More

Real Estate & Mortgage News

  1/17/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada pushed forward with another quarter-point interest rate increase and said more hikes are likely coming, even as it cautioned it isn't in any rush to return ... More

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  1/15/2018 | Posted in Mortgage Interest Rates by Micheal Turk
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Real Estate & Mortgage News

  12/15/2017 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada is increasingly confident the economy will need less stimulus over time, Governor Stephen Poloz said on Thursday in an end-of-year speech that boosted the ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. ... More

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  10/25/2017 | Posted in Mortgage Interest Rates by Micheal Turk
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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More

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