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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.

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

Just one interest rate rise in 2019: BCREA

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

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada makes key interest rate announcement

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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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Variable Rate Mortgages

Rate rises may be reshaped by oil production cuts says CIBC

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

No rate rise at least February suggests C.D. Howe Institute

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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Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Mortgage Consumers, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

Landing zone for rising interest rates 'sufficiently uncertain': Poloz

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

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

Bank of Canada wants rates back to normal - what that means for your mortgage, line of credit

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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Bank of Canada, Bank of Canada Benchmark Rate, Mortgage Consumers, NonMortgage Debt, Variable Rate Mortgages

Canadians should get used to idea of 3% interest rates

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

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

Bank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year

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

Bank of Canada raises interest rate to 1.75%

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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Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, Variable Rate Mortgages

Expect two rate rises in the next 3 months

10/5/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.

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

Pace of interest rate hikes seen picking up with trade deal in hand

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

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, USMCA, Variable Rate Mortgages

Canadian borrowers will feel this week's U.S. interest rate hike

9/24/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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The world's biggest central bank is expected to raise rates this week - and then keep raising them

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

Bank of Canada holds interest rates steady, but October hike looms

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

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, NonMortgage Debt, Variable Rate Mortgages

Expect Bank of Canada to maintain interest rates in September, unless GDP is off the charts

8/27/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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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.

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

Interest rate hike likely in October says TD economist

8/20/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

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

Interest rate hike may signal hard times ahead

7/12/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike.

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Bank of Canada Benchmark Rate, Canada Real Estate, Economic Growth, Household Debt, Housing Affordability, Mortgages & Real Estate, NonMortgage Debt

Bank of Canada raises overnight rate

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

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Mortgage Consumers, Mortgage Rates, Variable Rate Mortgages

Economic rebound, greater consumer spending imminent

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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Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Consumer Confidence, Economic Growth

Rate hike in July? It's all down to the data

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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Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Household Debt, Mortgage Rates, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada makes interest rate announcement

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

Bank of Canada, Bank of Canada Benchmark Rate, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate

Mortgage rates are rising. Here's how you can save money

5/28/2018 | Posted in Mortgage Interest Rates by Forest Hill Real Estate Signature
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More

Bank of Canada Benchmark Rate, Big Six, Fixed Rate Mortgages, Home Buyers, Home Buyers Tips, Mortgage Advice, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate, Variable Rate Mortgages

U.S. Fed continues to make itself felt in Canadian rates - DLC

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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Bank of Canada, Bank of Canada Benchmark Rate, Mortgage Rates Canada, Mortgages & Real Estate, Variable Rate Mortgages

Poloz says Canadian household debt of $2T demands cautious approach on rate hikes

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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Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, NonMortgage Debt

Mortgage interest costs see biggest growth since 2009

4/27/2018 | Posted in Mortgages and Real Estate by Forest Hill Real Estate Signature
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.

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Bank of Canada Benchmark Rate, Interest Rates, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgages & Real Estate, Statistics Canada

Household spending shows early symptoms of fatigue

4/27/2018 | Posted in Canadian Economy and Housing Market by Forest Hill Real Estate Signature
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Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue.

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Bank of Canada Benchmark Rate, Canada, Consumer Confidence, Economic Growth, Household Debt

Bank of Canada makes interest rate announcement

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

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