Posts tagged ‘Mortgage Rates’
The Bank of Canada Stops Purchasing Canada Mortgage Bonds
Monday Morning Interest Rate Update for October 19, 2020
Last week the BoC announced that it would end its Canada Mortgage Bond (CMB) purchase program. Today’s post explains why that may matter more than most think.
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.
Don’t Appreciate the Mortgage Stress Test Yet? Give It Time
Monday Morning Interest Rate Update for August 24, 2020
The mortgage stress test hasn’t won any popularity contests thus far but appreciation for it may grow in the years ahead.
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.
The Must-Have Mortgage Toolkit for Every Home Buyer
Monday Morning Interest Rate Update for July 6, 2020
Today’s post offers links to posts and calculators that will benefit anyone who is actively looking to purchase a home.
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.
Beware the Siren Call of HSBC’s 1.99% Five-Year Fixed-Rate Mortgage
Monday Morning Interest Rate Update for June 15, 2020
Today’s post uses HSBC’s 1.99% offer to explain why the terms and conditions in your mortgage contract can cost you much more than a small difference in rate.
