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Bank of Canada News and Articles | My Blog

Bank of Canada holds rate, suggests more hikes likely at more cautious pace

10/25/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More


Canadian borrowing grows at its fastest pace since 2010: BoC

9/22/2017 | Posted in Financial Health by Michael Antczak

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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.

... More


Odds of a rate hike just went up as Canada's growth wows economists

9/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

... More


Now that the Bank of Canada has scratched the interest rate itch, get ready for more

7/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More


The Bank of Canada hikes rate for first time in seven years

7/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More


Bank of Canada Believes Housing Is Still Pretty Cheap

6/23/2017 | Posted in Real Estate Market by Michael Antczak

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Turns out housing may be affordable, acording to Bank of Canada (BoC) Housing Affordability Index which shows that the cost of housing across Canada is below historic norms. We ... More


Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

5/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

... More


Bank of Canada announces rate

3/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ... More


Bank of Canada announces rate

1/18/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump ... More


Insight into the future of mortgage rates

1/14/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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With the release of the Bank of Canada’s most recent Business Outlook Survey came insights into the central bank’s policy position – and, indeed, the future ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

12/7/2016 | Posted in Mortgage News by Michael Antczak

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations.

... More


What the market wants to hear from Stephen Poloz ahead of Bank of Canada interest rate decision

11/25/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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Bank of Canada Governor Stephen Poloz is set to give a speech Monday which could give hints about whether an interest rate cut is coming on Dec. 7.

... More


BoC welcomes mortgage rules, predicts slowdown in sales

10/20/2016 | Posted in Mortgages and Real Estate by Michael Antczak

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The governor of the Bank of Canada spoke of the risk to the economy from the high level of household debts and the rising cost of homes when he announced a hold-steady on ... More


Bank of Canada keeps key interest rate unchanged at 0.5 per cent

10/19/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is downgrading the country's economic growth outlook yet again amid dampened expectations for exports and real estate activity.

... More


Bank of Canada makes rate announcement

9/7/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is keeping its key interest rate at 0.5 per cent, where it has been set for more than a year.

... More


Bank of Canada maintains overnight rate target at 1/2 per cent

7/13/2016 | Posted in Mortgage News by Michael Antczak

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he Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More


Bank of Canada won't hike rates until Q2 2019: Macquarie

7/12/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is set to be on the sidelines a year longer than expected, says Macquarie, and that will cause spreads between Canadian and U.S. bonds to widen ... More


30 years becoming norm for paying down mortgage

6/28/2016 | Posted in Mortgage News by Michael Antczak

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Rising house prices are increasing demand for mortgages with 30 year amortizations as buyers choose – or are forced by the cost – to spread their home loan over ... More


Central Bank assuages foreign ownership fears

6/20/2016 | Posted in Real Estate Investments by Michael Antczak

bank-of-canada-84.jpg - Real Estate News There is no fear of housing market crash due to foreign ownership, according to the Bank of Canada. ... More


Toronto housing boom unsustainable, Bank of Canada says

6/10/2016 | Posted in Real Estate News by Michael Antczak

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The Bank of Canada is warning that the pace of house price increases in Vancouver and Toronto can't be sustained by economic ' fundamentals.'

... More


Bank of Canada concerned home buyer expectations may be driving up prices

6/2/2016 | Posted in Real Estate Market by Michael Antczak

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The Bank of Canada is concerned that the acceleration in housing prices in Toronto and Vancouver may be partly due to purchases based solely on the expectation that prices will ... More


Bank of Canada's key overnight rate remains unchanged

5/25/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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This morning, the Bank of Canada made its 4th planned interest rate announcement of the year. The Central Bank held its target for the overnight rate at ½%, citing ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

4/13/2016 | Posted in Mortgage Interest Rates by Michael Antczak

Bank-of-Canada-4.jpg - Real Estate News

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

3/9/2016 | Posted in Mortgage Interest Rates by Michael Antczak

Bank-of-Canada-4.jpg - Real Estate News

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More


Bank of Canada: system could survive major household debt shock

2/24/2016 | Posted in Real Estate Market by Michael Antczak

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While the vulnerabilities associated with elevated household debt have increased in recent years, the Canadian financial system remains resilient and could withstand a major ... More


Bank of Canada: Negative rates a possibility

12/21/2015 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada's new estimation that it could take interest rates into negative territory if needed makes the bar even higher for changing the central bank's ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

12/2/2015 | Posted in Mortgage Interest Rates by Michael Antczak

Bank-of-Canada-4.jpg - Real Estate News

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate ... More


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