By how much could the Bank of Canada cut rates in December?
11/26/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that ...
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Hidden Bank of Canada clues point to another big cut: CIBC economists
11/22/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ...
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The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ...
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Borrowers must adapt to 'new normal' of higher rates, says Macklem
6/16/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu
Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ...
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Bank of Canada considered waiting until July to cut interest rates
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ...
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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ...
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Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
4/30/2024 | Posted in Home Buyers by Jessi Sandhu
The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. ...
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Bank of Canada to keep rates on hold this week, first cut seen as early as June
4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ...
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We could reach 2% inflation by this summer: National Bank
2/28/2024 | Posted in Interest Rates by Jessi Sandhu
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? ...
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2024 rate-cut forecasts being revised following today's mixed-bag jobs report
2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ...
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Fixed mortgage rates in Canada resume their decline amid economic volatility
2/3/2024 | Posted in Interest Rates by Jessi Sandhu
After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. ...
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Rise in bond yields could send fixed mortgage rates higher, experts say
1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu
This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ...
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BoC set to leave rate unchanged in January, says RBC
1/19/2024 | Posted in Interest Rates by Jessi Sandhu
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. ...
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Bank of Canada could start cutting rates next year, says governor - BNN
12/19/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ...
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Bank of Canada's Macklem says 'too early' to consider rate cuts
12/15/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ...
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Canada's profligate spending forced interest rates higher: Scotiabank
11/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ...
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Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
10/18/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The overnight rate could settle around 3%, according to leading economist ...
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Bank of Canada holds key rate steady at 5 per cent, says economy is weakening
9/6/2023 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. ...
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Sustained low interest rates no longer possible, says former BoC governor
9/4/2023 | Posted in Interest Rates by Jessi Sandhu
This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ...
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New report examines how rising interest rates have impacted home prices in Canada
8/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
With the Bank of Canada’s interest rate hikes aimed at fighting inflation, the housing market in Canada experienced a slight drop in prices, according to a new report from ...
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Rising interest rates a factor as new homes sales dip in GTA: BILD
7/24/2023 | Posted in New Developments by Jessi Sandhu
Although new home sales in the Greater Toronto Area were up in June, the Building Industry and Land Development Association (BILD) says sales have dipped “significantly ...
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Another week, another rise in fixed mortgage rates. How high could they go?
6/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
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 ...
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BoC debated waiting until July to hike rates, but says data prompted it to act sooner
6/21/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow
6/11/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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"More pain" for variable-rate mortgage holders as the BoC hikes rates
6/7/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again. ...
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6/6/2023 | Posted in Interest Rates by Jessi Sandhu
After hitting pause on rates, growing speculation the bank is ready to hike again ...
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More than half of GTA condo investors losing money on properties, says new report
5/29/2023 | Posted in GTA Real Estate by Jessi Sandhu
'A change in investor behaviour is on the horizon,' report says ...
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Further BoC hike may be necessary, says leading economist
5/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu
The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ...
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Toronto House Prices Jump By $130,000 In A Year
3/6/2020 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ...
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Canadian Household Borrowing Jumps By 31%, StatCan Says
12/16/2019 | Posted in Financial Health by Jessi Sandhu
Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ...
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