Posts tagged ‘mortgage rate forecast’
When Will Canadian Mortgage Rates Rise?
Monday Morning Interest Rate Update for September 21, 2020
The Bank of Canada says that rates are going to stay low for a “long time”. But how long is a “long time”? Today’s post offers my take.
Bank of Canada Confirms Ultra-Low Mortgage Rates Are Here to Stay
Monday Morning Interest Rate Update for September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today’s post explains.
Employment Data Confirm Our Recovery Is Still in the Early Innings
Monday Morning Interest Rate Update for September 8, 2020
Here are five quick thoughts on the latest Canadian employment data and an update on what happened with mortgage rates last week.
Are We Headed for Too Much Inflation or Not Enough?
Monday Morning Interest Rate Update for August 31, 2020
There are starkly opposing views on whether we will soon have too much inflation or not enough. Today’s post summarizes both arguments and offers my take.
A Theory on Why CMHC President Evan Siddall Went Rogue Last Week
Monday Morning Interest Rate Update for August 17, 2020
In this week’s post I want to focus on a strange and controversial letter that CMHC’s outgoing President Evan Siddall sent to 100 lenders last week.
Fixed or Variable? Mortgage Rate Forecast: COVID-19 Edition
Monday Morning Interest Rate Update for August 10, 2020
It’s been a wild rate for Canadian mortgage rates of late and in today’s post we take a fresh look at the fixed vs. variable question.
Why Our Record Employment Gains Aren’t Impacting Mortgage Rates
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
How Will Choppy Waters Ahead Impact Canadian Mortgage Rates?
Monday Morning Interest Rate Update for June 29, 2020
Last week new BoC Governor Tiff Macklem made his first public comments and he sounded notably less optimistic than his predecessor. Today’s post explains.
Why Record-Low Mortgage Rates Now Seem Inevitable
Monday Morning Interest Rate Update for June 22, 2020
In today’s post I explain why record low mortgage rates now seem inevitable and offer my take on how borrowers can take advantage of the current conditions.
The Length of Our Recovery Could Have a Surprising Impact on Your Mortgage
Monday Morning Interest Rate Update for June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
Is the Bank of Canada’s Firehose Working?
Monday Morning Interest Rate Update for April 20, 2020
Here are five highlights from the Bank of Canada’s latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.
Fixed or Variable? To Be Determined …
Monday Morning Interest Rate Update for March 16, 2020
The Bank of Canada and the U.S. Federal Reserve continued to slash their policy rates last week. My next fixed vs. variable simulation will be postponed until these five key questions are answered.
The Bank of Canada’s Cautionary Comments Push Fixed Mortgage Rates Lower
Monday Morning Interest Rate Update for January 27, 2020
The Bank of Canada offered a decidedly more cautious outlook last week. Government of Canada bond yields fell in response and five-year fixed rates started dropping shortly thereafter.
Five Takeaways from the Bank of Canada’s Latest Policy Statement
Monday Morning Interest Rate Update for December 9, 2019
The Bank of Canada didn’t raise rates last week and it sounded surprisingly optimistic about our economy’s prospects. Today’s post offers my take.
Our Latest GDP Data Aren’t Likely to Alter the Bank of Canada’s Outlook
Monday Morning Interest Rate Update for December 2, 2019
Last week’s GDP data came in lower than the Bank of Canada expected but I don’t think that will cause the Bank to cut its policy rate when it meets this week.
