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?
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?
Mortgages Spotlight: The 2013 CMHC Housing Observer was released this week, and reveals consumers have much to save by negotiating their mortgage rates.
Mortgages Spotlight: the Remax 2014 Housing Market Outlook finds home sales and prices hit a 5-year peak in 2013.
Mortgages Spotlight: Potential central bank rate cuts are the topic du jour, as several countries release their rate announcements this week. However, such a move is likely to be a last resort in Canada, despite flagging inflation.
Home buyers have good reason to feel jolly – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for low fixed and variable mortgage rates.
Mortgages Spotlight: The IMF challenges whether CMHC should cover mortgage defaults in Canada, and predicts strong economic growth next year.
Bank of Canada Governor Stephen Poloz has expressed confidence that the Canadian housing market is on track to balanced territory despite contradicting reports of overvaluation and an inevitable rate rise.
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.