12/14/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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
12/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.
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12/6/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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.
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12/5/2018 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is leaving its key interest rate unchanged.
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12/4/2018 | Posted in Canadian Economy and Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock.
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11/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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.
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11/14/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016.
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11/7/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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 ... More
11/2/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.
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10/31/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More
10/30/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
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10/24/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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CIBC, TD, Royal Bank and BMO all hike their prime rates too
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10/2/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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
9/5/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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 ... More
7/11/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More
6/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Analysts are optimistic that the Canadian economy will bounce back soon, bringing with it increased consumer spending.
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6/25/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Economists still expect BoC rate rise but the numbers need to stack up.
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6/7/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest ... More
5/30/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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
5/9/2018 | Posted in Home Buyers by Forest Hill Real Estate Signature
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More
5/9/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Bank of Canada will probably raise rates twice this year, likely in the summer and in fall according to Dominion Lending Centres chief economist Sherry Cooper.
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5/2/2018 | Posted in Financial Health by Forest Hill Real Estate Signature
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.
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4/18/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth.
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4/15/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 ... More
3/7/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 ... More
1/25/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More
1/17/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada pushed forward with another quarter-point interest rate increase and said more hikes are likely coming, even as it cautioned it isn't in any rush to ... More
1/8/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More
12/25/2017 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.
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12/6/2017 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.
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