If you are new to the world of mortgages, you probably have a lot of questions – such as whether to choose a fixed-rate mortgage or variable -rate mortgage. Even experienced home owners can sometimes struggle with this, and may wonder if they made the right choice or if they […]
Interest Rates
4 posts
Not everyone is on the same page when it comes to where mortgage rates in Canada are headed. Many observers expect the Bank of Canada will continue to increase the overnight rate, which influences the mortgage market. Capital Economics, a London-based economic research consultancy, is not one of them. “By […]
The Bank of Canada left its trend-setting interest rate untouched Wednesday as fresh economic developments — including the sharp drop in oil prices — threatened to delay future hikes. The central bank’s decision Wednesday maintained its trend-setting rate at 1.75 per cent. It followed a quarter-point increase at the bank’s […]
As was widely expected, the Bank of Canada (BoC) hiked the overnight rate to 1.75 percent. Higher interest rates inevitably lead to higher mortgage rates, which means industry players keep a close eye on the BoC’s hikes, and how they could affect Canada’s housing market. Rising rates could spook would-be […]