Market Monitor

We keep our finger on the pulse of the mortgage investment market to provide you with the latest news and trends from our team of experts. Read our blog to get the latest on mortgage investing so you can invest with CMI.

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12 July 2011

External Factors Relevant to Canada’s Rate Hike Decisions

In a recent Huffington Post article, Scott Boyd, a currency analyst at OANDA Corporation, made some interesting points regarding the hottest topic in Canadian economics, the future of interest rate hikes. While I have generally focused on the domestic factors that will determine when the Bank of Canada will begin to increase interest rates, Boyd…

11 July 2011

Indirect Evidence That Rate Hike is Imminent

Today, the Bank of Canada released the results of a survey it conducted regarding the short-term outlooks of Canadian businesses. Of particular importance to those interested in predicting the future of mortgage rates were the responses to two questions, one regarding job creation and one regarding inflation outlooks. Among Canadian firms surveyed, 57% expected to…

8 June 2011

A higher Canadian dollar is helping on the “Home” front.

There has been a great deal of concern as our Canadian dollar gained in strength and economist were concerned that the high value of our currency would negatively impact trade with our export partners. That are less willing to pay higher prices for or goods. However, there is a bright side to this on the…

27 January 2011

Canadians Have Ratcheted Up More Debt Than Americans

Canadians’ household debt has surpassed American levels, with the government looking at ways to cool off the housing market.

10 January 2011

Canadian Housing Markets Poised for Steady, Moderate Growth in 2011

Home prices are poised for steady yet moderate growth in the first half of 2011, as Canadian mortgage and housing markets absorb the slack in demand caused by decade-long, double-digit pricing increases.

24 November 2010

A Window for Mortgage Renewal, Refinancing as Inflation Climbs

: Homeowners have a window of opportunity to consider their mortgage renewal and/or refinancing options as the Bank of Canada consider newly released inflation numbers and the economic recovery her, in the U.S., and in Europe.

24 November 2010

Mortgage Rate Hikes – Era of Rock Bottom Rates Coming to an End?

RBC and TD have announced interest rate hikes on fixed rate mortgages, with the new rate on a 5-year mortgage raised to 5.44%.