9/12/2022 | Posted in Canada Living by Kit Blott
  SHARE

New data from Statistics Canada shows that Canadians are sliding deeper into debt. ... More

Real Estate & Mortgage News

  9/9/2022 | Posted in Home Buyers by Kit Blott
  SHARE

Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canadian Economy and Interest Rates by Kit Blott
  SHARE

The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. ... More

Real Estate & Mortgage News

  8/31/2022 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

If CIBC economists are correct, the Bank of Canada’s expected rate hike next week will be its last of this rate-hike cycle. ... More

Real Estate & Mortgage News

  8/17/2022 | Posted in Interest Rates by Kit Blott
  SHARE

Bank of Canada still focused on bringing inflation down, say economists ... More

Real Estate & Mortgage News

  7/25/2022 | Posted in Real Estate Investments by Kit Blott
  SHARE

Over the last year, the central bank issued repeated warnings about the risk investors posed to the market as they became a greater share of the country’s homebuyers. ... More

Real Estate & Mortgage News

  7/18/2022 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More

Real Estate & Mortgage News

  7/18/2022 | Posted in Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  7/14/2022 | Posted in Canadian Economy and Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

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
  SHARE

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

  7/10/2022 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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
  SHARE

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

Real Estate & Mortgage News

  6/26/2022 | Posted in Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  6/16/2022 | Posted in Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  6/13/2022 | Posted in Canadian Housing Market by Kit Blott
  SHARE

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by Kit Blott
  SHARE

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
  SHARE

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
  SHARE

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

Real Estate & Mortgage News

  5/12/2022 | Posted in Interest Rates by Kit Blott
  SHARE

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year. ... More

Real Estate & Mortgage News

  4/25/2022 | Posted in Interest Rates by Kit Blott
  SHARE

Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

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

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

  3/4/2020 | 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

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
  SHARE

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

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... 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: 12 + 17 =