11/19/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing.

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The Latest in Mortgage News: BoC Deputy Governor Says Rate Hikes Could Come Later Than Expected

  11/16/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Governor says team remains focused on inflation target as risks around price pressures increase

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BoC 'getting closer' to raising rates, says Macklem

  11/8/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Existing home owners could face sensitivity to rising rates, with about $350 billion worth of mortgages set for repricing in the next year

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Surging bond yields point to rising mortgage rates ahead, industry watchers say

  11/2/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later.

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CIBC's Tal to homebuyers: Start preparing for rising rates

  11/2/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada will likely raise its benchmark interest rate four times by 2024.

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Scotiabank economist predicts eight rate hikes in next two years

  10/22/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Global bond yield rates are up this month, and Canada is not missing out on the action.

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Mortgage rates back up as GOC bond yields rise

  10/13/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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A growing number of lenders have been raising interest rates recently in response to rising bond yields, including the big six banks.

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Mortgage Rates Rising as Bond Yields Surge

  9/28/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Bond yields rose sharply on Monday in the U.S. and Canada, and bond yields typically lead fixed mortgage rates.

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Bond Yields Are Rising. Are Fixed Mortgage Rates Next?

  9/8/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged.

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Bank of Canada Keeps Status Quo, Rate Hikes Still on the Table for Next Year

  9/8/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic ... More

Bank of Canada keeps key interest rate on hold at 0.25 per cent

  7/14/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

Bank of Canada makes latest rate announcement

  6/20/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result ... More

Bank of Canada to break sequence of lower terminal rates as governments splurge

  4/11/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

How quickly will fixed rates rise in Canada?

  2/2/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

Could Mortgage Rates Start to Rise Sooner than Expected?

  1/20/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

BoC stands by 0.25% rate in first policy announcement for 2021

  1/13/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

Bank of Canada 'micro rate cut' bets in play as lockdowns weigh

  1/7/2021 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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What will happen to Bank of Canada rates in 2021?

  12/11/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates

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Bank of Canada opens door to another rate cut - but not one below zero

  12/9/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.

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Bank of Canada keeps overnight rate frozen

  11/23/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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Are five-year fixed mortgage rates in Canada about to increase?

  11/10/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.

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How long can interest rates stay low once a vaccine arrives?

  10/13/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.

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Negative rates down the line are possible: BoC

  7/15/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

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Bank of Canada will maintain current level of policy rate

  6/23/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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Record-low interest rates here to stay - for now

  4/5/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.

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Interest rates are plunging - so why aren't mortgage rates?

  3/31/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Mortgage rates are rising in Canada despite virus-relief cuts

  3/4/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Bank of Canada lowers overnight rate target to 1.25 percent

  1/29/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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Fixed rate mortgages could go on sale

  11/29/2019 | Posted in Mortgage Interest Rates by Sheru Asnani
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.

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Scotiabank pushes back its Bank of Canada rate cut forecast

  7/18/2019 | Posted in Mortgage Interest Rates by Sheru Asnani
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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The era of higher mortgage rates was short-lived
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