6/23/2020 | Posted in Mortgage Interest Rates by Joan Beal
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

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  4/30/2020 | Posted in Anouncements by Joan Beal
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

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  4/15/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

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  3/6/2020 | Posted in Toronto Real Estate by Joan Beal
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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" ... More

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  3/4/2020 | Posted in Mortgage Interest Rates by Joan Beal
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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

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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  1/8/2020 | Posted in Mortgages and Real Estate by Joan Beal
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

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  10/30/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

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  9/4/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.

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  8/20/2019 | Posted in Interest Rates by Joan Beal
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

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  8/2/2019 | Posted in Canadian Economy and Housing Market by Joan Beal
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Here’s a look at how lower rates south of the border could ripple through our country, according to five experts.

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  7/21/2019 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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  7/10/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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  7/3/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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  6/20/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada today maintained its target for the overnight rate.

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  5/27/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

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  5/21/2019 | Posted in Interest Rates by Joan Beal
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t ... More

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  5/9/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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  4/3/2019 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group.

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Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Joan Beal
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

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