Mortgages Spotlight: The Bank of Canada removed its rising rate bias from the recent announcement. Does this signal longer stability for variable rates?
The Bank of Canada released the latest rate announcement Wednesday, but did not include a future rate movement forecast for the first time since April 2012.
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.
Recent mortgage market changes could lead to higher mortgage rates, according to RateSupermarket.ca’s expert panel.
Stephen Poloz is the new Governor of the Bank of Canada, taking the place of Mark Carney. How will he manage Canada’s monetary policy? Are interest rate changes on the horizon?
Mark Carney’s debt warnings have attempted to lower Canadian household debt – but with levels higher than ever, are Canadians listening?
Is a Bank of Canada rate cut possible? Following dismal data from StatsCan, some experts believe it rates could dip even below the current one per cent.
As anticipated, the Bank of Canada has announced that the Overnight Lending Rate will remain at one per cent for the time being. However, change is slated for interest rates – as well as the Canadian and global economies – in 2013.
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.
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.