The Bank of Canada's reluctance to cut its policy rate has caused the Loonie to appreciate against other currencies, creating a headwind that has hurt our export sales. The cost of its continued inaction is growing.
Today's post is my quarterly update on the state of the mortgage market. It highlights the challenges being faced in the U.S., China and the EU, and assesses the implications for the Canadian economy, and most importantly, our interest rates.
Today's post is my quarterly update on the state of the mortgage market. It focuses on deleveraging, a necessary but painful process that is acting as a drag on economic growth (particularly in the US), and explains why I don't think rates aren't going anywhere fast.
Most people believe that when interest rates go up, house prices will fall. I did too until I ran the numbers and discovered otherwise. Check out today’s post to learn more about why thirty years of data doesn’t support this widely held belief.
Today's post introduces a new feature on our website called "The Deal of the Week", which highlights the best mortgage deal currently available. Our inaugural offer is one of the best to come along in a very long time.