No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.
What’s in store for March mortgage rates? RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for stable, low pricing for both fixed and variable borrowers. Read on for the full forecast.
Is this “technical” recession behind us? The latest data from Statistics Canada show the economy enjoyed some growth during the third quarter, reversing the doom and gloom trend reported previously this year. What does this mean for consumers, spending and interest rates? Read on to find out.
The latest GDP numbers are in and they’ve confirmed there is officially a recession in Canada. What should consumers and taxpayers know? Read on to learn more.
The predictions are in – Canadian economists have revealed their forecasts for Canada’s economic outlook for the coming year. What’s in store for the housing market, interest rates, employment and GDP growth? Read on to find out.
It’s good to be Canadian. While the U.S. housing market crumbled – to a certain degree bringing the global economy along with it, after some slight hiccups, the real estate markets in most Canadian cities have continued a slow and even climb. But only a fool would think that the Canadian economy is not heavily influenced by events in the U.S. and Europe. Here, we review what various economic soothsayers from around the world predict 2012 will have in store for the global economy.
The Bank of Canada announced this morning that interest rates will remain unchanged for the 11th consecutive time over the past 15 months. The last time the BOC made a change to the overnight lending rate was in September 2010 with a moderate increase of 0.25 per cent. The news is really no news at all, given that nearly all industry professionals and top economists were anticipating no change. But what should be of interest to consumers is the justification behind the decision. Here’s why the Bank of Canada is keeping interest rates where they are.
Yesterday, we told you how the rate of inflation affects interest rates. While it is important to understand how inflation works, there are several other indicators that are important to watch that also affect mortgage rates in Canada.