Mortgage Rates Likely to Stay High Until 2025
Former Bank of Canada Governor David Dodge's insight on prolonged elevated interest rates signals significant impacts on mortgages and real
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Welcome to the Mortgages for Less blog! Here, you'll find expert advice, industry news, and helpful tips to guide you through every step of your home financing journey. Whether you're a first-time homebuyer or looking to refinance, our blog is your go-to resource for staying informed and making smart mortgage decisions.
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August 4, 2023
Former Bank of Canada Governor David Dodge's insight on prolonged elevated interest rates signals significant impacts on mortgages and real estate. Navigating this landscape demands strategic financial planning and adaptability.
July 18, 2023
Canada's inflation dropped below 3%, but concerns arise as core inflation remains sticky and mortgage interest costs continue to rise, impacting future rate drops.July 14, 2023
The Bank of Canada's rate increase signals potential frustration for mortgage holders, with implications for variable and fixed rates. Economic uncertainties persist despite projected growth and inflation expectations.July 10, 2023
The Bank of Canada is expected to raise rates by 0.25% on July 12, 2023, despite signs of a loosening labor market. Economists believe this may be the final increase for the year, aiming to combat post-COVID inflation.June 27, 2023
Canada's May inflation rate slows, casting doubts on Bank of Canada's July rate hike. Annual inflation drops to 3.4%, the lowest in two years. Core measures remain elevated, prompting further assessment by policymakers.June 23, 2023
As we are all now aware, on June 7th, 2023, the Bank of Canada made the decision to increase its interest rate. The move by the central bank has significant implications, particularly in the real estate and mortgage sectors. Recently the Bank released a summary of the deliberations of the Governing Council prior to the…June 20, 2023
As Canada awaits the May CPI release, concerns over inflation persist. Analysts question the Bank of Canada's rate hike decision and its potential implications for a recessionary period. A careful balance between inflation control and economic growth is crucial.
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Canada’s Disappointing Growth Data from Q2 2023 May Halt Bank of Canada’s September Interest Rate Hike
Canada's Q2 2023 GDP growth of 0.3% disappoints, potentially halting Bank of Canada's September rate hike. This may provide some
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Did the Bank of Canada Increase Rates Too Much?
An in-depth analysis questions whether the Bank of Canada's rapid rate hikes were necessary as disinflationary forces and labor market
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Breaking: Inflation drops below 3%, but it isn’t all rosy
Canada's inflation dropped below 3%, but concerns arise as core inflation remains sticky and mortgage interest costs continue to rise,
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Mortgage Minute 26: UGH! Bank of Canada Summer Rate Jump
The Bank of Canada's rate increase signals potential frustration for mortgage holders, with implications for variable and fixed rates. Economic
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Bank of Canada Expected to Increase Rate July 12th
The Bank of Canada is expected to raise rates by 0.25% on July 12, 2023, despite signs of a loosening
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Canada’s May inflation rate slows, weakening case for a July rate hike
Canada's May inflation rate slows, casting doubts on Bank of Canada's July rate hike. Annual inflation drops to 3.4%, the
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Why the Bank of Canada Increased its Interest Rate June 7th
As we are all now aware, on June 7th, 2023, the Bank of Canada made the decision to increase its
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May Inflation Data coming June 27
As Canada awaits the May CPI release, concerns over inflation persist. Analysts question the Bank of Canada's rate hike decision
