4/10/2024 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

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  3/19/2024 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

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  1/29/2024 | Posted in Canadian Housing Market by Michael Antczak
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

Real Estate & Mortgage News

  1/19/2024 | Posted in Interest Rates by Michael Antczak
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada. ... More

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  12/21/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates. ... More

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  11/23/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September. ... More

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  11/15/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon ... More

Real Estate & Mortgage News

  10/31/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Real Estate & Mortgage News

  10/4/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the rise. ... More

Real Estate & Mortgage News

  10/2/2023 | Posted in Home Owners by Michael Antczak
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

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  9/22/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

Real Estate & Mortgage News

  9/4/2023 | Posted in Interest Rates by Michael Antczak
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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More

Real Estate & Mortgage News

  8/2/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said. ... More

Real Estate & Mortgage News

  7/24/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More

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  6/22/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

Real Estate & Mortgage News

  6/21/2023 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data. ... More

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  6/16/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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Central banks seek sweet spot between fighting inflation and sparking recession ... More

Real Estate & Mortgage News

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Michael Antczak
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More

Real Estate & Mortgage News

  5/24/2023 | Posted in Mortgage Interest Rates by Michael Antczak
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ... More

Real Estate & Mortgage News

  4/5/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More

Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic. ... More

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

Real Estate & Mortgage News

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Michael Antczak
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

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  1/17/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

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