10/4/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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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 rise. ... More

9/29/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. ... More

9/22/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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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. ... More

8/23/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

8/2/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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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

7/24/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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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 the ... More

7/12/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of ... More

6/24/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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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 used ... More

6/16/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Central banks seek sweet spot between fighting inflation and sparking recession ... More

6/7/2023 | Posted in Mortgage Interest Rates by Catherine Methven
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Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again. ... More

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

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

3/31/2020 | Posted in Mortgage Interest Rates by Catherine Methven
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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. ... More

3/4/2020 | Posted in Mortgage Interest Rates by Catherine Methven
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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

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

11/29/2019 | Posted in Mortgage Interest Rates by Catherine Methven
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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. ... More

7/18/2019 | Posted in Mortgage Interest Rates by Catherine Methven
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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. ... More

6/11/2019 | Posted in Mortgage Interest Rates by Catherine Methven
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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. ... More

1/9/2019 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

12/14/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

12/6/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

11/30/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

11/7/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and 3.5 ... More

10/5/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

10/2/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

9/24/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

9/5/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next ... More

8/27/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks. ... More

6/25/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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Economists still expect BoC rate rise but the numbers need to stack up. ... More

5/30/2018 | Posted in Mortgage Interest Rates by Catherine Methven
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

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