Canada’s housing market is overvalued within a range of 10 – 30%, according to the Bank of Canada. What does this mean for home owners and the overall economy? Read on for the full story.
Recent OECD mortgage rate predictions call for a Bank of Canada rate hike by May. Should homeowners worry? Rubina breaks down what this could mean for your mortgage payments.
There’s no change in store for November mortgage rates, as bond yields and global economic conditions fail to prompt a shakeup, according to RateSupermarket.ca’s expert panel.
With all this good economic news coming out of the U.S., some believe central interest rates will rise sooner than expected there and in Canada. But top policy makers are saying that’s not the case. Should consumers be worried?
Bank of Canada June 4 Announcement highlights: There’s no change once again for central rates, as the economy shows weaker-than-expected performance in the first part of the year. What does this mean for debt payers and investors?
There’s no cooldown expected for September fixed mortgage rates as government bond yields are pushed higher by worried global investors. Variable rates, however, will remain on course for moderate change in 2014.
Earlier this week, outgoing Bank of Canada Governor Mark Carney spoke on the lessons learned for monetary policy makers from the financial crisis. Let’s take a look at how the Banks of Canada’s actions have protected us from the recession – and the lasting effects on our housing markets and overall economy.