4/22/2021 | Posted in Interest Rates by Heather Lemieux
SHARE
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
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
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
3/10/2021 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
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
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
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
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
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
3/17/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
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
3/13/2020 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
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
3/5/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More
3/4/2020 | Posted in Mortgage Interest Rates by Heather Lemieux
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
1/22/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More
1/17/2020 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More
12/31/2019 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
TD economists says the cost of servicing debts should ease early in 2020 ... More
12/5/2019 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
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
10/30/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More
9/6/2019 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More
9/4/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More
8/20/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More
7/28/2019 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More
7/18/2019 | Posted in Mortgage Interest Rates by Heather Lemieux
SHARE
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More
7/10/2019 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More
6/17/2019 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More
6/11/2019 | Posted in Mortgage Interest Rates by Heather Lemieux
SHARE
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More
6/7/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More
5/27/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More
4/24/2019 | Posted in Interest Rates by Heather Lemieux
SHARE
Bank of Canada keeps rates steady, cuts language about future hikes. ... More
4/3/2019 | Posted in Mortgages and Real Estate by Heather Lemieux
SHARE
The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More
4/2/2019 | Posted in Canadian Economy and Interest Rates by Heather Lemieux
SHARE
Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ... More
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.