1/18/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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The Bank of Canada has some difficult realities to weigh ahead of its Jan. 26 interest rate decision. ... More

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  1/12/2022 | Posted in Interest Rates by Heather Lemieux
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Economists at J.P. Morgan expect the Bank of Canada will raise its benchmark interest rate at its Jan. 26 meeting, ahead of the central bank’s own timeline for liftoff. ... More

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  1/12/2022 | Posted in Interest Rates by Heather Lemieux
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Bank of Canada needs to take “rapid action” with multiple interest rate increases to bring inflation under control. ... More

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  1/11/2022 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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Robust jobs market recovery in December might sufficiently motivate the Bank of Canada to implement rate hikes sooner. ... More

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  12/29/2021 | Posted in Mortgages and Real Estate by Heather Lemieux
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By all accounts the Bank of Canada is set to make money more expensive in 2022 ... More

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  12/19/2021 | Posted in Interest Rates by Heather Lemieux
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With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned ... More

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  12/8/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent. ... More

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  12/1/2021 | Posted in Canadian HELOC by Heather Lemieux
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HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate ... More

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  11/19/2021 | Posted in Mortgage Interest Rates by Heather Lemieux
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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 Heather Lemieux
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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 Heather Lemieux
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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 Mortgages and Real Estate by Heather Lemieux
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The Bank of Canada struck a positive tone on Canada’s economic recovery from the COVID-19 pandemic in its most recent interest rate announcement, with Governor Tiff Macklem ... More

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

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  10/27/2021 | Posted in Interest Rates by Heather Lemieux
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The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent. ... More

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  10/15/2021 | Posted in Canadian Housing Market by Heather Lemieux
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Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ... More

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  9/8/2021 | Posted in Mortgage Interest Rates by Heather Lemieux
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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 Heather Lemieux
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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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  4/22/2021 | Posted in Interest Rates by Heather Lemieux
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

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

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

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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

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

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
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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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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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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

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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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

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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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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