Financial Post ~ June 17th, 2025 There is a diversity of views among members of the Bank of Canada’s governing council on the best path forward for interest rates as they assess the pressures that trade disruptions could have on inflation, according to a summary of their deliberations released on… Read More
Category: News
Will the conflicts in the Middle East affect mortgage rates?
Robert McLister: Oil spikes only become a real headache if war-fuelled inflation drags on for more than a matter of monthsFinancial Post ~ Jun 20, 2025 Few economic shocks rattle family budgets more than rising borrowing costs. That’s one reason why wars that rocket oil prices are bad for Canadians’ […]
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD
CTV News ~ June 5th, 2025 TORONTO — Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up — with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday shows. A […]
Bank of Canada Interest Rate Announcement
OTTAWA – On Wednesday, June 4, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Click here to read the full statement.
Paying mortgage into retirement? Here’s how you could plan your finances
Global News ~ May 31st, 2025 A generation ago, it would have been unthinkable for many Canadians to carry the mortgage on their home into retirement. But for many on the cusp of retirement now, that’s no longer the case. A survey of 1,626 Canadians conducted by real estate firm […]
Mortgage rates at 3% or lower the magic number to reignite Canada’s housing market
Financial Post ~ May 9th, 2025 Mortgage rates need to drop to three per cent to get Canada’s housing market and homebuyers fired up again, say some industry watchers. The lowest rate for a five-year fixed-rate mortgage, preferred by many Canadian buyers and homeowners, is currently 3.74 per cent, according […]
Liberal election win: What it means for Canada’s policies and economy
Canadian Mortgage Trends ~ April 29th, 2025 The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government. While the result maintains the status quo in terms of party balance, the change in leadership is expected […]
Markets see two more Bank of Canada rate cuts as economy slows, survey shows
Canadian Mortgage Trends ~ April 28th, 2025 Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey. Respondents see the BoC’s policy rate falling from 2.75% currently to 2.25% by the end of 2025, suggesting two additional […]
Will more interest rate cuts save Canada’s economy?
As global recession concerns mount, Canada is likely to see at least two more interest rate cuts this year, economists say, in response to persistent economic headwinds driven largely by ongoing trade tensions between the United States and China. In a recent Reuters poll conducted from April 7 to 11, […]
Awaiting further rate cuts before refinancing your mortgage? Better to act now
Toronto Star ~ April 11th, 2025 Rates like 3.99 per cent have mortgagors increasingly jumping at refinancing opportunities to trim their payments or tap into home equity. All the recent rate cut speculation is only turbocharging this enthusiasm. In fact, refinances seem to comprise a fast growing share of mortgages. […]
