9/8/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. ... More

Real Estate & Mortgage News

  9/8/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. ... More

Real Estate & Mortgage News

  7/14/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

Real Estate & Mortgage News

  6/20/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

Real Estate & Mortgage News

  1/13/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More

Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

Real Estate & Mortgage News

  12/11/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

Real Estate & Mortgage News

  11/23/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Several mortgage brokers are warning of a spike in rates once bond yields recover. ... More

Real Estate & Mortgage News

  11/10/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news. ... More

Real Estate & Mortgage News

  10/13/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run. ... More

Real Estate & Mortgage News

  7/15/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

  4/5/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

  1/29/2020 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  11/29/2019 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

  7/18/2019 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

  6/11/2019 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  1/9/2019 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  11/30/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  11/7/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  10/5/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Real Estate & Mortgage News

  10/2/2018 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News
Ask Kit Blott

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 3 + 5 =