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Category:
Interest Rates
Weak May Employment Numbers May Stop July Rate Increase
June 9, 2023
Weaker May employment numbers in Canada could impact the Bank of Canada's rate announcement in July, potentially reducing the likelihood…
Variable-Rate Mortgage Holders Face More Challenges
June 8, 2023
The Bank of Canada's decision to raise interest rates again brings more challenges for variable-rate mortgage holders. With strong economic…
Mortgage Minute 25: Bank of Canada Raises Rates AGAIN!
June 7, 2023
The Bank of Canada raised its interest rate today, after holding it steady for a few months. Inflation is still…
Canada’s Strong GDP Growth Fuels Speculation of Rate Hikes by the Bank of Canada
June 3, 2023
Canada's strong Q1 2023 GDP growth fuels speculation of rate hikes by the Bank of Canada. Experts debate whether to…
Explained: Why Fixed Mortgage Rates have been Increasing in May 2023
May 30, 2023
Recent weeks have witnessed a surge in mortgage rates at various lenders, including several of the Big-5 Banks in Canada,…
Are Bank of Canada Rate Hikes Really Over?
May 29, 2023
The recent uptick in Canada's annual inflation rate has sparked a debate among economists regarding whether the Bank of Canada…
Canadians are Abandoning the Usual 5-year Mortgage Terms
May 26, 2023
In recent months, there has been a noticeable shift in the preferences of Canadian homebuyers when it comes to mortgage…
Mortgage Minute 22: The Bank of Canada’s Final Rate Increase
January 25, 2023
Time To Evaluate Is the Bank of Canada finally ready to stop their rate hikes? Need Some Mortgage Advice? Whether…
Mortgage Minute 21: Why Are Variable Rates Higher Than Fixed?
December 16, 2022
It is a common understanding that taking a 5-year variable rate mortgage nearly always costs less when compared to a…
Mortgage Minute 20: Bank of Canada Raises Rates for the Last Time in 2022
December 7, 2022
The Final 2022 Rate Adjustment It's Finally Here. Can we expect to see a leveling out in 2023? Need Some…
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