1/30/2023 | Posted in Canadian Economy and Housing Market by Joan Beal
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But the Bank of Canada has a tricky balancing act that cannot decimate real estate.

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  1/27/2023 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

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  1/25/2023 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

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  1/24/2023 | Posted in Interest Rates by Joan Beal
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The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal ... More

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  1/20/2023 | Posted in Canadian Economy and Interest Rates by Joan Beal
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Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the ... More

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  1/16/2023 | Posted in Canadian Economy and Interest Rates by Joan Beal
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"They are in a very difficult situation in which they have to tell you they are done without telling you they are done"

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  12/12/2022 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s ... More

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  12/8/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves"

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  12/7/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates ... More

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  12/4/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank.

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  12/2/2022 | Posted in Interest Rates by Joan Beal
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on ... More

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  11/23/2022 | Posted in Home Buyers by Joan Beal
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

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  11/3/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank ... More

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  10/26/2022 | Posted in Mortgage Interest Rates by Joan Beal
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The move marks the latest "supersized" rate jump of 2022

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  10/25/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday.

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  10/20/2022 | Posted in Interest Rates by Joan Beal
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Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected.

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  10/7/2022 | Posted in Mortgage Interest Rates by Joan Beal
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

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  10/3/2022 | Posted in Interest Rates by Joan Beal
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While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More

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  9/7/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

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  9/4/2022 | Posted in Mortgage Interest Rates by Joan Beal
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All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle.

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  8/31/2022 | Posted in Mortgage Interest Rates by Joan Beal
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If CIBC economists are correct, the Bank of Canada’s expected rate hike next week will be its last of this rate-hike cycle.

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  8/14/2022 | Posted in Home Buyers by Joan Beal
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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  8/8/2022 | Posted in Canadian Economy and Housing Market by Joan Beal
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Expand the Bank of Canada mandate, for starters

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Real Estate & Mortgage News

  7/18/2022 | Posted in Interest Rates by Joan Beal
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

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  7/14/2022 | Posted in Canadian Economy and Interest Rates by Joan Beal
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price ... More

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  7/13/2022 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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  7/13/2022 | Posted in Mortgages and Real Estate by Joan Beal
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

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  7/13/2022 | Posted in GTA Real Estate by Joan Beal
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

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  7/10/2022 | Posted in Mortgage Interest Rates by Joan Beal
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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