10/13/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.

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  10/1/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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A growing number of industries are now moving closer to their pre-pandemic output levels, as Canada’s gross domestic product increased by 3% monthly in July, according to ... More

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  9/10/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

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  8/18/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The rate of residential investment to Canadian GDP has also swelled dramatically

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  7/15/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

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  6/30/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

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  6/23/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

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  6/1/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

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  4/5/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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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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  3/31/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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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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  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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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

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  1/29/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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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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  11/29/2019 | Posted in Mortgage Interest Rates by Paul Solomons
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.

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  10/10/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

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  9/19/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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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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  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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  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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  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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  7/3/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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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

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