Highlights: Wild year for interest rates Canadian economy: slow and steady Why is the Bank of Canada holding back? Mortgage Rate Outlook As the year ends, it’s worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve ...
Continue ReadingThe Bank of Canada held its overnight rate at 1.75 percent October 30, 2019. In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this ...
Continue ReadingHIGHLIGHTS Stress test limiting impact of falling mortgage rates Canadian economy: Strong second quarter, but will it last? Bank of Canada on hold for now Canadian mortgage rates continued to decline in the third quarter as rising trade tensions between the United States and China fed growing fears of a ...
Continue ReadingAs of September 2nd 2019, Canadians interested in the First-Time Home Buyer Incentive can submit their applications for a shared equity mortgage with the Government of Canada. For more information click here ...
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