11/19/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing. ... More

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  11/16/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Governor says team remains focused on inflation target as risks around price pressures increase ... More

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  11/8/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Existing home owners could face sensitivity to rising rates, with about $350 billion worth of mortgages set for repricing in the next year ... More

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  11/2/2021 | Posted in Mortgage Interest Rates by Kit Blott
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More

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  11/2/2021 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada will likely raise its benchmark interest rate four times by 2024. ... More

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  10/22/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Global bond yield rates are up this month, and Canada is not missing out on the action. ... More

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  10/13/2021 | Posted in Mortgage Interest Rates by Kit Blott
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A growing number of lenders have been raising interest rates recently in response to rising bond yields, including the big six banks. ... More

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  9/28/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates. ... More

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  9/8/2021 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. ... More

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

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

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

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

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

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

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

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  1/7/2021 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

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  12/11/2020 | Posted in Mortgage Interest Rates by Kit Blott
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

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  12/9/2020 | Posted in Mortgage Interest Rates by Kit Blott
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

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  11/23/2020 | Posted in Mortgage Interest Rates by Kit Blott
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Several mortgage brokers are warning of a spike in rates once bond yields recover. ... More

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  11/10/2020 | Posted in Mortgage Interest Rates by Kit Blott
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news. ... More

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  10/13/2020 | Posted in Mortgage Interest Rates by Kit Blott
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run. ... More

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  7/15/2020 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More

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