6/20/2021 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  5/19/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

Real Estate & Mortgage News

  4/21/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a ... More

Real Estate & Mortgage News

  4/11/2021 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  3/16/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action ... More

Real Estate & Mortgage News

  3/11/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

Real Estate & Mortgage News

  3/8/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

Real Estate & Mortgage News

  3/1/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

Real Estate & Mortgage News

  2/28/2021 | Posted in Toronto Real Estate by Heather Lemieux
  SHARE

Demand for expensive homes in Toronto real estate is the result of the pandemic's economic impact ... More

Real Estate & Mortgage News

  2/23/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More

Real Estate & Mortgage News

  2/2/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

Lenders "have never seen as many as they have now". ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

Real Estate & Mortgage News

  1/13/2021 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  1/5/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News

  12/30/2020 | Posted in First Time Home Buyers by Heather Lemieux
  SHARE

With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers. ... More

Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  11/30/2020 | Posted in Financial Health by Heather Lemieux
  SHARE

The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

Real Estate & Mortgage News

  11/24/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

Real Estate & Mortgage News

  11/23/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
  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 Heather Lemieux
  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 Heather Lemieux
  SHARE

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

Real Estate & Mortgage News

  10/1/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

A growing number of industries are now moving closer to their pre-pandemic output levels, as Canada’s gross domestic product increased by 3% monthly in July, according to ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  8/18/2020 | Posted in Canadian Economy and Housing Market by Heather Lemieux
  SHARE

The rate of residential investment to Canadian GDP has also swelled dramatically ... More

Real Estate & Mortgage News

  7/15/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  6/30/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
  SHARE

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
  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

  6/3/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

  6/1/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
  SHARE

A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More

Real Estate & Mortgage News

  4/5/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
  SHARE

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

Real Estate & Mortgage News
Ask Heather Lemieux

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

Security Question: 1 + 2 =