2/20/2024 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More

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  2/10/2024 | Posted in Interest Rates by Kit Blott
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BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets ... More

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  2/9/2024 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

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  2/5/2024 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More

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  2/3/2024 | Posted in Interest Rates by Kit Blott
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After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. ... More

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  1/29/2024 | Posted in Canadian Housing Market by Kit Blott
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

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  1/24/2024 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

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  1/19/2024 | Posted in Interest Rates by Kit Blott
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada. ... More

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  1/18/2024 | Posted in Mortgage Interest Rates by Kit Blott
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More

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  1/4/2024 | Posted in Canadian Housing Market Predictions by Kit Blott
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The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. ... More

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  12/19/2023 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More

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  11/7/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More

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  11/3/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say. ... More

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  10/25/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More

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  9/14/2023 | Posted in Mortgages and Real Estate by Kit Blott
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More

Real Estate & Mortgage News

  9/6/2023 | Posted in Interest Rates by Kit Blott
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The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. ... More

Real Estate & Mortgage News

  9/4/2023 | Posted in Interest Rates by Kit Blott
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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More

Real Estate & Mortgage News

  9/1/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More

Real Estate & Mortgage News

  7/24/2023 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the ... More

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  7/15/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high ... More

Real Estate & Mortgage News

  7/13/2023 | Posted in Mortgages and Real Estate by Kit Blott
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Following the Bank of Canada’s latest interest rate hike, experts say Canadian mortgage owners will feel the impact of higher borrowing costs, either in the form of higher ... More

Real Estate & Mortgage News

  7/12/2023 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of ... More

Real Estate & Mortgage News

  7/7/2023 | Posted in Interest Rates by Kit Blott
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All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More

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  7/6/2023 | Posted in Mortgages and Real Estate by Kit Blott
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Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Kit Blott
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Economists weigh in on the possibilities for the central bank’s policy rate ... More

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Kit Blott
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More

Real Estate & Mortgage News

  6/21/2023 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data. ... More

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