8/14/2022 | Posted in Home Buyers by Kit Blott
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada. ... More

Real Estate & Mortgage News

  8/8/2022 | Posted in Canadian Economy and Housing Market by Kit Blott
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Expand the Bank of Canada mandate, for starters ... More

Real Estate & Mortgage News

  7/18/2022 | Posted in Interest Rates by Kit Blott
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

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  7/14/2022 | Posted in Canadian Economy and Interest Rates by Kit Blott
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price increases. ... More

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  7/13/2022 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Real Estate & Mortgage News

  7/13/2022 | Posted in GTA Real Estate by Kit Blott
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Kit Blott
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

Real Estate & Mortgage News

  6/28/2022 | Posted in Interest Rates by Kit Blott
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

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  6/26/2022 | Posted in Interest Rates by Kit Blott
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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for May, ... More

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  6/16/2022 | Posted in Interest Rates by Kit Blott
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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ... More

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  6/1/2022 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – ... More

Real Estate & Mortgage News

  5/31/2022 | Posted in Mortgage Interest Rates by Kit Blott
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The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say ... More

Real Estate & Mortgage News

  5/19/2022 | Posted in Mortgage Interest Rates by Kit Blott
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ... More

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  4/30/2020 | Posted in Anouncements by Kit Blott
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

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  4/15/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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 economic ... More

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  3/6/2020 | Posted in Toronto Real Estate by Kit Blott
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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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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  1/22/2020 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Kit Blott
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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 Kit Blott
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More

Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Kit Blott
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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. ... More

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