Tag: Bank of Canada

Could Mortgage Rates Start to Rise Sooner than Expected?

Could Mortgage Rates Start to Rise Sooner than Expected?

While Canada’s economy recorded its largest-ever annual GDP drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of Canada’s hand in reining inflation in sooner than anticipated.

“That carries potentiall…

Stress Test Rate to Fall to 4.79

Stress Test Rate to Fall to 4.79%

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates.

How the Government Has Saved the Economy from COVID-19 So Far

How the Government Has Saved the Economy from COVID-19…So Far

Despite deep economic pain caused by the global pandemic, the Canadian economy—and the housing sector in particular—appears to be bouncing back from the near-complete shutdown of society…at least for now. That’s thanks in large part to numerous government measures meant to keep liquidity flowing and people in their homes. Below,

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