10/9/2024 | Posted in Mortgages and Real Estate by Anabela Serra
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Interest rate cuts by the Bank of Canada in recent months have helped reduce ownership costs for homeowners and buyers and bring about a slight improvement in the overall ... More

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  10/1/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%

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  8/1/2024 | Posted in Mortgage Interest Rates by Anabela Serra
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

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  6/19/2024 | Posted in Mortgages and Real Estate by Anabela Serra
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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More

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  4/10/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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  3/19/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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'I hope they're not tepid,' says expert about BoC's upcoming decisions

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  1/29/2024 | Posted in Canadian Housing Market by Anabela Serra
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Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More

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  1/19/2024 | Posted in Interest Rates by Anabela Serra
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada.

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  12/21/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

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  11/23/2023 | Posted in Mortgages and Real Estate by Anabela Serra
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High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

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  11/15/2023 | Posted in Mortgages and Real Estate by Anabela Serra
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Surging interest rates are weighing down on current homeowners – and further turbulence is on the horizon

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  10/31/2023 | Posted in Mortgages and Real Estate by Anabela Serra
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More

Real Estate & Mortgage News

  10/4/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the ... More

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  10/2/2023 | Posted in Home Owners by Anabela Serra
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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

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  9/22/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.

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  9/4/2023 | Posted in Interest Rates by Anabela Serra
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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

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Real Estate & Mortgage News

  8/2/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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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.

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  7/24/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by ... More

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  6/27/2023 | Posted in Mortgages and Real Estate by Anabela Serra
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

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  6/24/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are ... More

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  6/22/2023 | Posted in Mortgages and Real Estate by Anabela Serra
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While the pain of elevated interest rates is already hitting those with variable-rate mortgages, the sticker shock of higher payments might not be felt for a couple years among ... More

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  6/21/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

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  6/16/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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Central banks seek sweet spot between fighting inflation and sparking recession

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Real Estate & Mortgage News

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Anabela Serra
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.

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Real Estate & Mortgage News

  5/24/2023 | Posted in Mortgage Interest Rates by Anabela Serra
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings

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Real Estate & Mortgage News

  4/5/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.

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Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Anabela Serra
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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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