Two December debt reports were released this week with some dire news for Canadian consumers. Here’s what you need to know, plus the week’s top finance headlines.
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.
October mortgage rates are to hold the status quo despite economic policy shakeups in the U.S. Read on for our forecast for fixed and variable mortgage rates.
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?
Big banks have been slicing 10 basis points off their fixed rates, while the BoC keeps the central rate at status quo. Is is a good time to jump into the housing market?
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.
Mortgages Spotlight: New year economic reports show economic conditions will improve in 2014 around the world. Will rates rise as a result, internationally and in Canada?
Disinflation is anticipated to be a pressing economic issue in 2014, as the cost of goods and services fail to grow fast enough to support the economy. Healthy inflation is needed for stable economic growth, but consumers must also be prepared for rising interest rates when growth eventually picks up the slack.