bank of canada rate Archives - Mortgage Rates & Mortgage Broker News in Canada

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

June 21, 2023 No Comments

Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada’s decision to hike interest rates earlier this month.

Photo: Brent Lewin/Bloomberg via Getty Images.

National Bank is cautiously optimistic interest rates will hold steady — and eventually drop — in 2023.

February 15, 2023 No Comments

National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.

The Bank of Canada’s next rate hike: a toss-up between 25 and 50 bps

December 4, 2022 No Comments

The Bank of Canada is widely expected to deliver its seventh consecutive interest rate hike at its rate decision announcement this week. .

Prime rate rises to 5.45% following the BoC’s 75-bps rate hike

September 7, 2022 No Comments

Variable-rate mortgage holders will see their interest costs rise once again starting on Thursday as prime rate rises to 5.45%.

What rising inflation means for Bank of Canada rate hikes

What the latest inflation data means for the upcoming Bank of Canada rate decision

June 22, 2022 No Comments

Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at

Bank of Canada rate hike expectations growing

Bank of Canada Preview: Rate Hike Expectations Growing

October 26, 2021 No Comments

With inflation well above the Bank of Canada’s target level and ongoing supply chain issues, expectations of earlier-than-expected interest rate hikes in 2022 are growing.

The Latest in Mortgage News – All Eyes on the BoC

July 10, 2018 No Comments

For those with a vested interest in mortgage rates—particularly variable-rate mortgage holders—tomorrow’s Bank of Canada rate decision has become one of the most-anticipated financial events

3 Reasons Canadian Mortgage Rates Will Never Hit 5%

October 13, 2017 17 Comments

High borrowing rates are a relic. Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate. With

bank of canada rate