economic outlook Archives - Page 2 of 5 - Mortgage Rates & Mortgage Broker News in Canada

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

The latest in mortgage news: Fixed rates continued to climb this week

June 30, 2023 No Comments

While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks.

The latest in mortgage news: Half of borrowers concerned about mortgage renewals

April 4, 2023 1 Comment

Nearly half (47%) of Canadians buying or renewing a mortgage say they are concerned about qualifying for the amount they need.

Bank of Canada rate decision January 2023

Bank of Canada delivers long-awaited rate pause. Will it last?

March 8, 2023 No Comments

As expected, the Bank of Canada delivered its first rate pause in a year following eight consecutive rate hikes.

Couple worried about hitting trigger rate

Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank

February 2, 2023 No Comments

Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.

The latest in mortgage news: Government unveils details of its foreign buyer ban

December 23, 2022 1 Comment

The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.

As bond yields fall, mortgage providers are cutting fixed mortgage rates

November 28, 2022 No Comments

With bond yields nearly 60 basis points off their highs reached earlier this month, fixed mortgage rates are slowly following and trending downward.

CIBC’s Tal: “This is not a meltdown,” but expect short-term pain

October 21, 2022 1 Comment

Despite softening origination activity, mortgage professionals should welcome the current “reset” to healthier market conditions.

Tiff Macklem says Canada needs more rate hikes

BoC’s Macklem: More interest rate hikes are “warranted”

October 6, 2022 4 Comments

Despite raising interest rates by 300 basis points with five consecutive hikes this year, the Bank of Canada confirmed on Thursday that rates need to go higher yet.

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