It’s a new year – but mortgage rates are stuck at the same levels. With the global economy remaining on shaky ground, and government of Canada bonds remaining an attractive option for investors, it’s not expected that fixed or variable mortgage rates will change in January.
Headlines this week call for a “flat lining” housing market in 2013 – yet CAAMP’s recent report shows Canadian home owners remain optimistic about their mortgage. Will this positive sentiment impact the market over time?
Mark Carney says the Bank of Canada is behind fixed mortgage rate popularity, as lower-then-ever-options provide buyers with stability for less.
RateSupermarket.ca’s expert Mortgage Rate Outlook Panel does not expect any movement for fixed or variable mortgage rates this December as European fiscal unease lingers, and the Bank of Canada continues to hold the Overnight Lending Rate at one per cent.
Is it just me, or are finance headlines a little… emotionally unbalanced these days? One day you’ve got dire warnings on debt levels, followed the next by cautiously optimistic hope of economic recovery. It’s no wonder readers are confused. For example, take this gem of a headline, which ran Monday in the Financial Post: Tighter …
Canada’s economic stance is one of caution, as risk of a recession looms globally and action pends on the U.S. fiscal cliff. As a result, there is no anticipated end to stimulus efforts on the home front, with mortgage rates remaining unchanged for the coming month.
Finance Minister Jim Flaherty stated plans this week for the eventual privatization of the CMHC. Would would this mean for the mortgage market and borrowers?
How will StatCan’s revised debt to income ratio numbers affect Canada’s mortgage market? Are borrowers increasingly vulnerable to rate hikes?
It’s been a week of updates from the real estate boards of Toronto and Vancouver. Let’s take a look at the current conditions in Canada’s two largest markets, which may be a good indicator of where Canada’s market (and mortgage rates) are headed.
The latest consensus from RateSupermarket.ca’s Mortgage Rate Outlook Panel has been released for September 2012. Looks like both Fixed and Variable mortgage rates are to remain unchanged this month amidst global economic uncertainty and a consistent Bank of Canada interest rate.