Posts tagged ‘mortgage rate forecast’
What Will Happen to Canadian Mortgage Rates When the Pandemic Ends?
Monday Morning Interest Rate Update for November 30, 2020
Today’s post challenges the notions that the pandemic will end some time in 2021 and that mortgage rates will move higher soon in anticipation of that outcome.
Why Spiking Inflation Won’t Impact Canadian Mortgage Rates
Monday Morning Interest Rate Update for November 23, 2020
Canadian inflation came in much higher than expected last month but I don’t think that will impact our mortgage rates, and in today’s post I explain why.
Have Canadian Mortgage Rates Bottomed?
Monday Morning Interest Rate Update for November 16, 2020
The recent run-up in the GoC bond yields that Canadian fixed mortgage rates are priced on raises an important question: Have mortgage rates bottomed?
Will October Mark the End of Canada’s Employment Recovery?
Monday Morning Interest Rate Update for November 9, 2020
Last Friday Statistics Canada released its latest employment report and estimated that our economy added another 84,000 jobs in October. This result came in a little higher than the consensus forecast of 75,000 but well below the robust increases we saw in September (+378,000) and August (+246,000). The more jobs we recover, the slower the […]
Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest
Monday Morning Interest Rate Update for November 2, 2020
In today’s post I explain why the Bank of Canada’s most recent comments should end the fixed vs. variable debate until face masks are a distant memory.
Canadian Inflation Ticks Higher But Remains Subdued
Monday Morning Interest Rate Update for October 26, 2020
In today’s post I explain why the Bank of Canada’s first moves to combat higher inflation will impact fixed mortgage rates well ahead of variable mortgage rates.
Canadian Employment Surges (But We’re Not out of the Sugar Maples by a Long Shot)
Monday Morning Interest Rate Update for October 13, 2020
Our employment recovery continues at a much stronger pace than expected. Today’s post offers my take on how this may impact Canadian mortgage rates going forward.
Will July’s Surge in Canadian Economic Momentum Continue?
Monday Morning Interest Rate Update for October 5, 2020
Today’s post offers five highlights from the latest Canadian GDP data, which were released by Statistics Canada last week.
Five Must-Read Posts about Canadian Mortgages and Rates
Monday Morning Interest Rate Update for September 28, 2020
Last week was short on news relating to mortgage rates, so this week I’ll highlight five of my recent posts that are worth a read if you missed them the first time around.
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 Re-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.
