7/13/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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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 Paul Solomons
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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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  7/10/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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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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  6/28/2022 | Posted in Interest Rates by Paul Solomons
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of ... More

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  6/21/2022 | Posted in Mortgages and Real Estate by Paul Solomons
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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers.

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  6/3/2022 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels ... More

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  6/1/2022 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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 Paul Solomons
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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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  3/5/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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  3/4/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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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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  1/22/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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  1/17/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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 Paul Solomons
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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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  9/6/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Paul Solomons
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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 Paul Solomons
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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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  7/28/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgage Interest Rates by Paul Solomons
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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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Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Paul Solomons
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Paul Solomons
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Paul Solomons
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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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Real Estate & Mortgage News

  4/3/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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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 Paul Solomons
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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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