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First Interest Rate Hike in 7 Years Announced

July 12th, 2017

BCREA ECONOMICS NOW Bank of Canada Interest Rate Decision - July 12, 2017 The Bank of Canada announced this morning that it is raising its target for the overnight rate by 25 basis points to 0.75 per cent. In the press release accompanying the decision, the Bank noted that Canada's economy has been robust and a significant amount of economic slack has been absorbed. Whi ...

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No rise in the bank rate today, possibly not until 2018

April 12th, 2017

Bank of Canada Interest Rate Announcement - April 12, 2017 The Bank of Canada announced this morning that it is holding the target for its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that economic growth has been faster than previously expected, boosted by what the Bank sees as temporary spending from the oil and gas recovery ...

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Stronger Canadian Economy Could Mean Higher 2017 Mortgage Rates

March 2nd, 2017

BCREA ECONOMICS NOWCanadian Real GDP Growth (Q4'2016) - March 2, 2017The Canadian economy expanded at a 2.6 per cent annual rate in the fourth quarter, beating expectations of 2 per cent growth. Economic growth continues to be led higher by strong household consumption spending, though an uptick in exports was also a significant contributor. Due to a slow start to the year and disruptions ca ...

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Millennials Bear Brunt of Fed Policy Changes

October 6th, 2016

Millennials Bear Brunt of Fed Policy ChangesMany, if not most, first-time buyers will experience a steep decline in housing affordability on October 17. New rules introduced by the Federal Government will cause the sharpest drop in the purchasing power of low equity home buyers in years. At a time when housing affordability is a critical issue, deliberately chopping millennials’ purchasing po ...

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Big Federal Government changes for mortgage qualification coming soon

October 3rd, 2016

Federal government changes mortgage insurance rules The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. ...

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US employment numbers mean steady mortgage rates in Canada

June 3rd, 2016

BCREA ECONOMICS NOWUS Employment - June 3, 2016US Non-farm payrolls came in at just 38,000 jobs for the month of May, well below expectations and a significant slowdown from the trend of 200,000 jobs per month set over the previous three months. A slip in overall labour force participation pushed the national unemployment rate down to 4.7 per cent in spite of disappointing job growth. A slow ...

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Bank rate stands pat... for now.

May 28th, 2016

Bank of Canada Interest Rate Announcement - May 25, 2016 The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank cited that inflation and economic growth were evolving roughly in-line with expectations, though household vulnerability to economic shocks has moved higher due to ...

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No change in interest rates again

April 13th, 2016

BCREA ECONOMICS NOWBank of Canada Interest Rate Announcement - April 13, 2016The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that although first quarter GDP growth appears unexpectedly strong, it believes that strength is temporary and will likely reverse in the second quarter. ...

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Canadian Mortgage Rate Forcast

March 17th, 2016

Canadian Mortgage Rate Forcast

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The effect of inflation on Canadian interest rate

March 10th, 2016

Bank of Canada Interest Rate Announcement - March 9, 2016 The Bank of Canada announced this morning that it is maintaining its overnight rate at 0.5 per cent. In the press release accompanying the decision, the Bank noted that inflation is evolving as anticipated but that a weak economy will continue to dampen growth in consumer prices. Overall, the Bank judges that risks i ...

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Don Kennedy - Sutton West Coast Realty

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First Interest Rate Hike in 7 Years Announced

No rise in the bank rate today, possibly not until 2018

Stronger Canadian Economy Could Mean Higher 2017 Mortgage Rates

Millennials Bear Brunt of Fed Policy Changes

Big Federal Government changes for mortgage qualification coming soon

US employment numbers mean steady mortgage rates in Canada

Bank rate stands pat... for now.

No change in interest rates again

Canadian Mortgage Rate Forcast

The effect of inflation on Canadian interest rate

< Previous Next >

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