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Bank of Canada Raises Benchmark Rate to 1%

9/6/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More


The darker side of low rates

8/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More


Interest rates to hit 1.75% by summer 2019

8/16/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

... More


Canada's economy accelerates, rate hike expectations grow

7/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... 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


U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More


Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Michael Antczak

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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... 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


Mortgage rates ticking higher for subprime borrowers

6/8/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

... More


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

4/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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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


Mortgage premium hikes reduce case for borrowing to boost down payment

3/20/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More


What to expect after the U.S. Fed rate hike

3/17/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ... More


US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More


Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... 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


Mortgage rates to remain low for the first half of 2017

2/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ... More


Variable-rate mortgages becoming more important to the market

2/10/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages ... 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


U.S. Fed rate hike will spill over the border

12/16/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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Any move by the U.S. Federal Reserve will have a noticeable impact on the Canadian financial system - and this is especially true for any fluctuation in the Fed’s ... More


Interest rates are about to rise south of the border and Canadians will feel it

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

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There are few certainties in life, but if the economists and experts who monitor the U.S. central bank are to believed, one of them is that the Federal Reserve is going to ... 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


Not all rate hikes are created equal

11/19/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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Shopping for a mortgage, these days, is a lot like shooting those tin ducks at the carnival. To get the best mortgage rate deal you need to hedge and shop ... More


Big bank hikes prime rate

11/1/2016 | Posted in Mortgage Interest Rates by Michael Antczak

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Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules.

... More


Canada's mortgage brokers find ways around new lending rules

10/21/2016 | Posted in Mortgages and Real Estate by Michael Antczak

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Canada’s new mortgage rules risk pushing borrowers deep into the shadow lending market, with brokers set to line up secondary loans with private lenders as a means of ... 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


Banks, insurers spearhead opposition to Ottawa's new housing rules

10/11/2016 | Posted in Mortgages and Real Estate by Michael Antczak

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Canadian banks and mortgage insurers are rallying against new government housing rules that they say will lead to higher mortgage rates, hurt small real estate markets and ... More


Non-banks "crippled" by new mortgage rules says broker

10/11/2016 | Posted in Mortgage News by Michael Antczak

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The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More


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