Steve Huebl July 19, 2019 The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018. The Bank of Canada announced the mortgage qualifying rate drop to 5.19% from 5.34%. This marks the first reduction in...
The Bank of Canada is keeping its key interest rate unchanged as it releases a downgraded 2019 growth forecast that includes a prediction the economy nearly came to a halt at the start of the year. The central bank also appears to be in no hurry...
by Canadian Press 19 Mar 2019 ...
By Danny Kucharsky The good news is that mortgage rates are unlikely to go higher this year in Canada. The bad news is a lack of interest rate hikes indicates the Canadian economy is slowing down. So says mortgage broker David Larock, president of Integrated Mortgage Brokers...
James Bombales Jan 23, 2019 Whether you want to stop paying skyrocketing rental rates, start building equity, or own property that can be passed down to your children, purchasing a home is likely a long-term goal of yours. However, with rising home costs and...
Steve Huebl Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at yesterday’s rate hold announcement, which confirmed a growing chorus of analysts who...
Pete Evans · CBC News The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep...
by Canadian Press 24 Oct 2018 The Bank Canada raises its key interest rate target by a quarter of a percentage point. The central bank's target for the overnight rate is now set at 1.75 per cent. The Bank of Canada is hiking its trend-setting interest rate...
Josh Sherman Aug 14, 2018 Stricter mortgage qualification rules that came into effect at the start of the year continued to take a bite out of home sales activity in BC for a seventh straight month, says the British Columbia Real Estate Association (BCREA). Some...