August 13th, 2024
On the heels of a second consecutive quarter-point interest rate cut from the Bank of Canada, Governing Council warned that cuts alone aren’t going to be a saving grace for … [read more]
August 7th, 2024
On Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the second time this year, bringing it down to 4.5%, its lowest since April … [read more]
Comments Off on Bank of Canada’s Rate Cut Offers New Optimism But It’s Not Enough to Help Homebuyers
August 2nd, 2024
Today the Bank of Canada lowered its overnight lending rate for the second time this year, bringing the rate down by 25 basis points to 4.5%. Many economists anticipated the … [read more]
Comments Off on What’s Happening with Mortgage Rates? How Many Rate Cuts Coming This Year?
July 31st, 2024
If you’re shopping for a new mortgage, or coming up for renewal, you likely wish you had a crystal ball. Picking the “right” mortgage rate is tricky at the best … [read more]
Comments Off on Shorter Mortgages are Better & Flexibility is The Name of The Game
July 16th, 2024
Recent market expectations have significantly shifted towards anticipating greater cuts by the Bank of Canada (BoC). Earlier this year, markets were projecting only a 0.25% reduction in interest rates for … [read more]
Comments Off on The Bank of Canada is Signaling More Rate Cuts Without Significant Concern for Weaker Currency
July 4th, 2024
On June 11, 2024, Mortgage Professionals Canada (MPC) released the results of their Semi-Annual State of the Housing Market Report. This survey highlights growing anxiety among mortgage consumers, especially about … [read more]
Comments Off on Mortgage Anxiety vs. Ownership Confidence
July 2nd, 2024
Family gifts to provide or enhance a down payment have kept getting larger and more common among young homebuyers, according to a new analysis by Canadian Imperial Bank of Commerce. … [read more]
Comments Off on Canadian First-Time Homebuyers Need 6-Figure Down Payment Gifts
July 2nd, 2024
Canadian inflation is demonstrating it can be a lot stickier than the central bank expected. Last week’s CPI report showed annual growth accelerated, reversing some of the Bank of Canada … [read more]
Comments Off on Canadian Inflation is Heading in The Wrong Direction for Bank of Canada Rate Cuts
June 19th, 2024
The Canadian Mortgage and Housing Corporation (CMHC) released its Residential Mortgage Industry Report at the end of May. According to the report, during the pandemic, many mortgage holders were able … [read more]
Comments Off on Residential Mortgage Report : Lender Activity, Delinquency Rate, Financial Stability & Risks
June 19th, 2024
While May remained relatively uneventful for most Canadian housing markets, the Canadian Real Estate Association (CREA) expects the Bank of Canada’s recent rate cut to bolster activity moving forward. Per … [read more]
Comments Off on Will The Rate Cuts Spur The Sleepy Housing Markets?
June 18th, 2024
Global inflation is easing, and lower rates are on the horizon, but those who didn’t take advantage missed out. That was the message from the Bank of Canada (BoC) Governor, … [read more]
Comments Off on A Return to Pre-Pandemic Interest Rates is Unlikely in The Future
June 11th, 2024
Over the past year, the development industry across Canada has slowed down significantly, and the high cost of borrowing has often been cited as one of the biggest culprits. Experts … [read more]
Comments Off on Economic Factors are At Play for Developers Which Won’t Be Solved by BoC Rate Cut
June 11th, 2024
Great-West Life’s real estate division had wanted to purchase the site on Robson Street in downtown Vancouver for some time, so when they heard that it had gone into foreclosure, … [read more]
Comments Off on Foreclosures Continue to Emerge in A Challenging Interest Rate Environment
June 10th, 2024
Well, after more than four (long) years, it’s finally happened. As many of Canada’s top economists forecasted in the weeks leading up, the Bank of Canada (BoC) has finally cut … [read more]
Comments Off on What The Interest Rate Cut Means for Canadians?
June 6th, 2024
Following more than two years of rate hikes and holds, the Bank of Canada has finally announced today that it is lowering the overnight lending rate by 25 basis points … [read more]
Comments Off on Finally, The News We All Been Waiting For : What This Means for Summer Housing Market?
June 3rd, 2024
The anticipation is building ahead of next week’s Bank of Canada (BoC) rate announcement, and real estate experts speculate it could mean a major shakeup for Metro Vancouver’s housing market. … [read more]
Comments Off on Will Sellers & Buyers Respond If Bank of Canada Interest Rates are Cut?
May 24th, 2024
The Canada Mortgage and Housing Corporation (CMHC) released its annual 2024 Mortgage Consumer Survey on May 8, 2024. The survey had feedback from nearly 4,000 people in Canada who renewed … [read more]
Comments Off on Mortgage Insights : Consumer Behaviours, Options & Challenges
May 21st, 2024
The latest Bank of Canada rate announcement was to hold its overnight rate target at 5%, alongside a bank rate of 5.25% and a deposit rate of 5%. Cuts are … [read more]
Comments Off on Homeowner Confidence and Potential Rate Cuts
May 15th, 2024
2024 is shaping up to be the year of the interest rate cut — on Canadian soil, at least. This is according to a report that came out last week … [read more]
Comments Off on Forecasting The Bank of Canada to Start Cutting Overnight Rate in June
May 14th, 2024
Homeowners due to renew their mortgage over the coming years will face steep jumps in payments, according to the Bank of Canada, with median monthly payment increasing by more than … [read more]
Comments Off on Central Bank Report : A Variable Rate Mortgage Monthly Payment to Increase by More Than 60%
May 13th, 2024
Despite the $3,000 rent on his two-bedroom condo, Zakary Wexler has a plan. The 29-year-old financial advisor with WEALTHinsurance.com in Vaughan, Ont. and his wife are setting aside several hundred … [read more]
Comments Off on High Rents & Stagnant Income Make Planning for A Home Purchase More Challenging
May 6th, 2024
The Bank of Canada (BOC) announced its Summary of Governing Council deliberations, to provide explanation and background to its April 10th, 2024 rate announcement. Key housing and shelter-related discussions and … [read more]
Comments Off on International Factors, Canadian Economy & Other Considerations That Impact The Bank of Canada Policy Decision
Comments Off on Bank of Canada Rate Cuts Not The Remedy to Housing Imbalance