The Bank of Canada announced this week it will begin purchasing 10-year Canada Mortgage Bonds (CMBs), a move seen as paving the way for mortgage lenders to more easily offer lower-cost 10-year fixed mortgage rates to consumers.
Category: Mortgage Rates
The Bank of Canada is preparing for its next interest rate announcement, but will it follow many of its global peers and make a cut?
Most experts anticipate that the next time the Bank of Canada adjusts its policy rate, it’ll make a cut.
A rush of homeowners are going to renew mortgages next year and when they do, they’ll most likely be faced with higher interest rates than when they signed on last. Will they be able to keep up with payments?
According to data compiled by Ratehub.ca, the spring buying season is the best time of year to get a competitive rate from A lenders.
The Bank of Canada will make two interest rate cuts during 2019 according to Capital Economics.
If you’d asked a big bank economist last year where interest rates were headed in 2019, they’d probably have said they were going up.
The latest reading of Canada’s economy brings both good and bad news for the housing market.
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
Higher interest rates and new lending rules have curbed Canadians’ appetite for taking on mortgage debt, a new report suggests.
An analysis from LowestRates.ca has found that, in 2018, Canada’s largest banks – RBC, TD, BMO, Scotiabank, CIBC, and National Bank of Canada – were consistently the most expensive options.
A growing number of Canadians are finding it difficult to pay off their financial accountabilities, according to a report by the Office of the Superintendent of Bankruptcy late last week.
Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction” since the financial crisis.
Like many other market observers, Central 1 expects the Bank of Canada will hike its influential key interest rate this year — but the credit
Three interest rate hikes in 2019 — that’s what economists have been predicting for months, as part of the Bank of Canada’s ongoing strategy to keep the country’s inflation levels in check. But, according to one economist, that plan may have changed.
Mortgage stress test vs. high interest rates: which has impacted the Canadian housing market more?
There have been plenty of deterrents for Canadian first-time home buyers this year, from stricter mortgage qualification rules rolled out in January to three interest rates hikes throughout the year. But according to a new survey, the majority haven’t given up on the dream of homeownership.
A chain of possible mortgage rate increases in the very near future might endanger Canadian would-be home buyers’ purchasing power – and ultimately, their mortgage capacity, according to the Canada Mortgage and Housing Corporation.
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