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Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Mortgage Rates Canada, Variable Rate Mortgages

CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Bank of Canada, Big Six, Canadian Banks, Canadian Housing Market, Canadian Mortgage Market, Canadian Real Estate Market Outlook, Housing Affordability, Housing Demand, Stress Test

Bank of Canada keeps key interest rate target on hold

12/5/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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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

Bank of Canada, Bank of Canada Benchmark Rate, Mortgage Rates Canada, Variable Rate Mortgages

Bank of Canada announces interest rate decision

10/30/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Canadian Households, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Economic Growth, Interest Rates, Mortgage Consumers, Variable Rate Mortgages

A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Household Debt, Mortgage Consumers, Mortgage Rates Canada, Variable Rate Mortgages

5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Here’s a look at how lower rates south of the border could ripple through our country, according to five experts.

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Bank of Canada, Economic Growth

Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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Bank of Canada, Canada Mortgage and Housing Corporation, CMHC, Home Buyers, Stress Test

Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Interest Rates, Mortgage Rates Canada

Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Interest Rates

Bank of Canada maintains overnight rate target at 1.75 per cent

5/29/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada today maintained its target for the overnight rate.

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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt

Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Poloz expects rates to rise 'a bit' but unsure on timing

5/21/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates

BoC touts long-term mortgages to open MBS market

5/9/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Bank of Canada, Canada Mortgage and Housing Corporation, Household Debt, Mortgage Consumers, Mortgage Market, Mortgage Trends, Mortgages & Real Estate, Uninsured Mortgages

Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Bank of Canada, Bankruptcy, Canada, Canadian Banks, Household Debt, Insolvency, Interest Rates, NonMortgage Debt

Bank of Canada keeps rates steady, cuts language about future hikes

4/24/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada keeps rates steady, cuts language about future hikes.

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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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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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Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates, Mortgage Consumers, Mortgage Rates, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada's Poloz says stimulative rates needed for temporary soft patch

4/2/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Poloz's optimism Monday about the future could ease speculation the central bank could lower rates.

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Bank of Canada, Bank of Canada Benchmark Rate, Canada Real Estate, Economic Growth, Household Debt, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank of Canada to hold interest rates through 2020: TD Securities

3/15/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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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

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Canadian Housing Market This Bad Normally Means Recession: BMO

3/10/2019 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.

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Bank of Canada, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Interest Rates, Stress Test

Bank of Canada maintains overnight rate target at 1.75%

3/6/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Household Debt, Interest Rates, Mortgages & Real Estate

Bank of Canada to cut rates before the end of 2019

2/28/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates

Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

Bank of Canada, Bank of Canada Benchmark Rate, Bankruptcy, Canada, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt

Interest rates low enough to stimulate economy: BoC

2/22/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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Stephen Poloz says the upward path for interest rates is 'uncertain'.

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Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates, Mortgage Rates Canada

Impact of tighter rules, interest rates greater than anticipated

2/1/2019 | Posted in Canadian Housing Market by Forest Hill Real Estate Signature
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious ... More

Bank of Canada, Canada Real Estate, Interest Rates, Real Estate Market, Stress Test

Poloz buys borrowers more time but punishes savers

1/16/2019 | Posted in Interest Rates by Forest Hill Real Estate Signature
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers.

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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, NonMortgage Debt, Savings

Interest rates might remain flat until next year

1/14/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The central bank will most likely refrain from further hikes “given increased market volatility and more restrictive financial conditions.

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Bank of Canada, Bank of Canada Benchmark Rate

Bank of Canada announces interest rate decision

1/9/2019 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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

Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates

Economists renew prediction for lower interest rates for Canada in 2019

1/5/2019 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again.

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Bank of Canada, Bank of Canada Benchmark Rate, Canada, Canadian Housing Market, Economic Growth, Interest Rates

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