Welcome to our latest blog post, where we delve into the much-anticipated January 2024 inflation numbers and their potential impact on the financial landscape in Canada. With an unexpected twist in...
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Interest Rates
Navigate the ever-changing landscape of interest rates in the mortgage world. Understand what drives fluctuations, discover the latest trends, and arm yourself with knowledge to make informed decisions for your home financing journey.
Bank of Canada’s Rate Cut Predictions and Economic Outlook
Despite the Bank of Canada's resistance to aggressive rate cut forecasts, the consensus among leading economists and analysts is leaning towards a reduction in rates beginning by April. This...
Lower Canadian Fixed Mortgage as Bond Yield Declines
Canada's fixed mortgage rates witnessed a significant shift this week as major banks across the country reduced their advertised fixed mortgage rates, some by as much as 70 basis points (0.70%)....
Bank of Canada: Too Early to Cut Rates
Economists, mortgage brokers, and Canadians are all looking forward to rate drop announcements from the Bank of Canada. There are predictions of a rate drop as early as April 2024. The US Fed last...
More Reasons the Bank of Canada will Begin Lowering Its Rate
As the world grapples with economic uncertainty, the decisions of central banks play a pivotal role in shaping the financial landscape. Recently, the United States Federal Reserve's decision to hold...
Ben Tal: Bank of Canada Rate Hikes Over
The Bank of Canada, in its latest announcement, left its policy rate unchanged, signaling a probable end to its rate-hiking path. This decision, influenced by cooling inflation, rising unemployment,...
VIDEO: Projected Mortgage Rates and Renewals
Join us today as Josh Tagg and Jay Lewis discuss Canadian mortgage renewals in 2024 and beyond. What impact will this have on interest rates and decisions by the Bank of Canada. At least a few...
Inflation Trend Points to Lower Mortgage Rates
Since 2021, Canada (and the world) has been grappling with a critical economic challenge: inflation. As one of the primary concerns for both policymakers and citizens, understanding its trajectory...
US Inflation Dips Lower Than Expected!
In the ever-interconnected global economy, the ripple effects of economic indicators in one country can significantly impact the financial landscapes of others. This reality is especially true for...
Mortgage Rates and both Canadian & US Bond Yields
In the last few weeks, there have been significant developments in the U.S. financial market, especially concerning the U.S. Treasury Auction, which have wider implications on global financial...
CIBC: Bank of Canada Nearly Done Rate Increases
Benjamin Tal, the Deputy Chief Economist of CIBC, recently shared his insights on the monetary policy direction of the Bank of Canada. He indicated that the rate hike period by the Bank might be...
Will Mortgage Rates Calm Down Again?
2023 has been a year of continual interest rate increases. In the springtime, after some banks in the United States failed, we saw a significant drop in the bond yields that influence the pricing of...
Bond Rates Push Mortgage Rates Up Further
The Government of Canada's 5-year bond yield witnessed a sharp incline, hitting an intraday peak of 4.46%. Although it has since settled to approximately 4.32%, this marked escalation over a...
BMO: Bank of Canada will wait until Q3 2024 to drop rates
BMO Economics, yesterday released a revised forecast regarding the anticipated Bank of Canada (BoC) rate drops for the year 2024. The updated forecast suggests a more conservative outlook, now...
Canadian Bonds reach 16 Year High Pushing Fixed Mortgage Rates Up
Since the inflation data released last week, Government of Canada bond yields have surged to a 16-year high, setting the stage for an increase in fixed mortgage rates. This surge in bond yields has...
August Inflation Data and Mortgage Rates
Inflation in Canada has roared back with a vengeance, akin to a dragon-breathing fire, reaching an annual rate of 4.0% in August 2023, a significant jump from July's 3.3%. These numbers have sent...
Bank of Canada Governor Speaks in Calgary
Last week, I was fortunate enough to attend an event hosted by the Calgary Chamber of Commerce featuring Tiff Macklem, the Governor of the Bank of Canada. In his presentation, Governor Macklem...
Are Interest Rates about to DROP?
In a surprising turn of events, Canada's 5-year bond yields have retreated below the 4% threshold, marking a significant departure from their recent trajectory. Since August 13th of this year, these...
Mortgage Minute 26: UGH! Bank of Canada Summer Rate Jump
UGH! Bank of Canada Summer Rate Jump Will this be the FINAL Rate Increase of the year? Need Some Mortgage Advice? Whether getting a mortgage on your first home, or looking at options for your next...
Bank of Canada Expected to Increase Rate July 12th
Following two rate increases earlier in 2023, and several in 2022, the Bank of Canada is poised to implement another 0.25% hike, confirming its ongoing commitment to combatting post-COVID inflation....
Canada’s May inflation rate slows, weakening case for a July rate hike
Canada's May inflation rate has slowed, raising doubts about a possible interest rate hike by the Bank of Canada in July. Data released by Statistics Canada shows that the annual inflation rate...