11/23/2022 | Posted in Home Buyers by Stephen Gale
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

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  11/3/2022 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank ... More

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  10/26/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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The move marks the latest "supersized" rate jump of 2022

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  10/25/2022 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday.

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  10/20/2022 | Posted in Interest Rates by Stephen Gale
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Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected.

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  10/7/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

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  10/3/2022 | Posted in Interest Rates by Stephen Gale
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While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More

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  9/7/2022 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

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  9/4/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle.

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  8/31/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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If CIBC economists are correct, the Bank of Canada’s expected rate hike next week will be its last of this rate-hike cycle.

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  8/14/2022 | Posted in Home Buyers by Stephen Gale
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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  8/8/2022 | Posted in Canadian Economy and Housing Market by Stephen Gale
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Expand the Bank of Canada mandate, for starters

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Real Estate & Mortgage News

  7/18/2022 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More

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  7/14/2022 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price ... More

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  7/13/2022 | Posted in Mortgages and Real Estate by Stephen Gale
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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  7/13/2022 | Posted in Mortgages and Real Estate by Stephen Gale
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

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  7/13/2022 | Posted in GTA Real Estate by Stephen Gale
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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  6/28/2022 | Posted in Interest Rates by Stephen Gale
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of ... More

Real Estate & Mortgage News

  6/26/2022 | Posted in Interest Rates by Stephen Gale
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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for ... More

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  6/16/2022 | Posted in Interest Rates by Stephen Gale
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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority.

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  6/1/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More

Real Estate & Mortgage News

  5/31/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say

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Real Estate & Mortgage News

  5/19/2022 | Posted in Mortgage Interest Rates by Stephen Gale
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June ... More

Real Estate & Mortgage News

  4/30/2020 | Posted in Anouncements by Stephen Gale
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

Real Estate & Mortgage News

  4/15/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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