12/1/2021 | Posted in Canadian HELOC by Stephen Gale
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HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate

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  11/24/2021 | Posted in Canadian Housing Market by Stephen Gale
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The Bank of Canada is warning a rush of investors into the country’s housing market this year has fueled prices and heightened the risk of a correction.

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  11/19/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing.

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  11/16/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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Governor says team remains focused on inflation target as risks around price pressures increase

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  11/2/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later.

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  11/2/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada will likely raise its benchmark interest rate four times by 2024.

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  10/27/2021 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent.

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  10/19/2021 | Posted in Interest Rates by Stephen Gale
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Expectations for the first interest rate hike have moved up to as early as April as inflation concerns grow and supply disruptions persist.

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Real Estate & Mortgage News

  9/8/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic ... More

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  7/14/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

Real Estate & Mortgage News

  7/9/2021 | Posted in Canadian Housing Market by Stephen Gale
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A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More

Real Estate & Mortgage News

  6/20/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result ... More

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  6/10/2021 | Posted in Canadian Economy and Housing Market by Stephen Gale
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The Bank of Canada is cautiously optimistic about the country's economic recovery as vaccines continue to roll out and spending rebounds.

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Real Estate & Mortgage News

  6/9/2021 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

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  5/21/2021 | Posted in Canadian Economy and Housing Market by Stephen Gale
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The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy.

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  5/19/2021 | Posted in Mortgages and Real Estate by Stephen Gale
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The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are ... More

Real Estate & Mortgage News

  5/12/2021 | Posted in Home Buyers by Stephen Gale
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Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

Real Estate & Mortgage News

  4/22/2021 | Posted in Interest Rates by Stephen Gale
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

Real Estate & Mortgage News

  4/21/2021 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing ... More

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  4/14/2021 | Posted in Commercial Real Estate by Stephen Gale
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The central bank’s latest quarterly survey found that executives have become more optimistic when it comes to their sales and investment projections in the coming year, ... More

Real Estate & Mortgage News

  3/31/2021 | Posted in Canadian Housing Market by Stephen Gale
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market.

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  3/30/2021 | Posted in Canadian Housing Market by Stephen Gale
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BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets.

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Real Estate & Mortgage News

  3/11/2021 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023.

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Real Estate & Mortgage News

  3/10/2021 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus ... More

Real Estate & Mortgage News

  2/24/2021 | Posted in Canadian Housing Market by Stephen Gale
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Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

Real Estate & Mortgage News

  1/13/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

Real Estate & Mortgage News

  1/7/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Stephen Gale
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.

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Real Estate & Mortgage News

  11/25/2020 | Posted in Canadian Housing Market by Stephen Gale
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Almost all households with expired debt referrals have resumed payments

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