9/5/2024 | Posted in Mortgage Interest Rates by Ruth Halperin
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More
8/4/2024 | Posted in Mortgage Interest Rates by Ruth Halperin
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Bond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds.
... More 8/1/2024 | Posted in Mortgage Interest Rates by Ruth Halperin
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?
... More 6/16/2024 | Posted in Mortgage Interest Rates by Ruth Halperin
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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.
... More 1/18/2024 | Posted in Mortgage Interest Rates by Ruth Halperin
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.
... More 12/21/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 12/19/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 ... More
10/4/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 ... More
9/29/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.
... More 9/22/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 8/23/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.
... More 8/2/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 7/24/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 ... More
7/12/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy ... More
6/24/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 ... More
6/16/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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Central banks seek sweet spot between fighting inflation and sparking recession
... More 6/7/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.
... More 5/24/2023 | Posted in Mortgage Interest Rates by Ruth Halperin
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings
... More 4/5/2020 | Posted in Mortgage Interest Rates by Ruth Halperin
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.
... More 3/31/2020 | Posted in Mortgage Interest Rates by Ruth Halperin
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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 3/4/2020 | Posted in Mortgage Interest Rates by Ruth Halperin
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More
1/29/2020 | Posted in Mortgage Interest Rates by Ruth Halperin
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down
... More 11/29/2019 | Posted in Mortgage Interest Rates by Ruth Halperin
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.
... More 7/18/2019 | Posted in Mortgage Interest Rates by Ruth Halperin
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.
... More 6/11/2019 | Posted in Mortgage Interest Rates by Ruth Halperin
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.
... More 1/9/2019 | Posted in Mortgage Interest Rates by Ruth Halperin
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More
12/14/2018 | Posted in Mortgage Interest Rates by Ruth Halperin
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More
12/6/2018 | Posted in Mortgage Interest Rates by Ruth Halperin
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.
... More 11/30/2018 | Posted in Mortgage Interest Rates by Ruth Halperin
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.
... More 11/7/2018 | Posted in Mortgage Interest Rates by Ruth Halperin
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More
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