The Big Banks are slashing their interest rate forecasts

8/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More

Tags: Big Six, Interest Rate Forecast, Mortgage Rate Forecast

BoC to cut interest rates on June 5, three further times this year: Poll

5/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Tags: Housing Market Forecast, Interest Rate Forecast, Mortgage Rate Forecast

Is it time for aggressive rate cuts?

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

Tags: Mortgage Consumers, Mortgage Debt, Mortgage Rate Forecast, Mortgage Rates Canada, Variable Rate Mortgages

2024 housing market and interest rate forecasts

12/27/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

As we look back at the year that was, we can say 2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 ... More

Tags: Canadian Home Sales, Canadian Housing Market, Housing Market Forecast, Interest Rate Forecast, Mortgage Rate Forecast