11/14/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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BMO economist predicts homeowners can absorb higher mortgage rates
... More 9/22/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?
... More 9/5/2024 | Posted in Mortgage Interest Rates by Paul Solomons
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More
9/3/2024 | Posted in Interest Rates by Paul Solomons
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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More
8/3/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
4/16/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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Canadian regulator cracks down on high-debt mortgages to protect borrowers
... More 1/18/2024 | Posted in Mortgage Interest Rates by Paul Solomons
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.
... More 10/18/2023 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The overnight rate could settle around 3%, according to leading economist
... More 10/2/2023 | Posted in Home Owners by Paul Solomons
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More
9/19/2023 | Posted in Canada Living by Paul Solomons
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Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows.
... More 9/4/2023 | Posted in Interest Rates by Paul Solomons
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This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025
... More 8/2/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said.
... More 7/26/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.
... More 6/28/2023 | Posted in Canada Living by Paul Solomons
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Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and ... More
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