12/1/2021 | Posted in Canadian HELOC by Sheru Asnani
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HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate

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  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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  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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  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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  11/2/2021 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada struck a positive tone on Canada’s economic recovery from the COVID-19 pandemic in its most recent interest rate announcement, with Governor Tiff ... More

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  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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  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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  10/27/2021 | Posted in Interest Rates by Sheru Asnani
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The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent.

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  10/15/2021 | Posted in Canadian Housing Market by Sheru Asnani
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Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade.

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  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

Real Estate & Mortgage News

  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

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  4/22/2021 | Posted in Interest Rates by Sheru Asnani
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

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  4/21/2021 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023.

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus ... More

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  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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Real Estate & Mortgage News

  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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  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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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

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  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

Real Estate & Mortgage News

  1/22/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

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Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Real Estate & Mortgage News

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Real Estate & Mortgage News

  10/30/2019 | Posted in Interest Rates by Sheru Asnani
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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