Bank of Canada Interest Rate Decision Coming Tomorrow
Tomorrow, the Bank of Canada will make its rate hike decision, though the consensus appears that no change is imminent. A survey of 37 economists predicts that there will not be a rate hike tomorrow and that while it is a slight possibility that there will be a hike in September, it is much likelier…
Read moreExternal 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…
Read moreIndirect 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…
Read moreThe Mysterious Vancouver Housing Bubble
The fact that Vancouver is currently in the midst of a housing bubble is very much un-mysterious. House prices are up 21% over the last year and 188% over the last decade. The average house in Vancouver is 11.1 times the average annual income, double the national average. The mystery lies in what the driving…
Read moreBank of Canada Governor’s View Going Forward
Mark Carney, the Bank of Canada Governor Gives Canadians Fair Warning on Personal Debt Levels
Read more“Well Regulated Mortgage Market” Key Factor as Canada Weathers Economic Storm
Sound risk Management and Strong Fundamentals Lead to Success in the Canadian Mortgage Market.
Read moreTime to Convert to a Fixed Rate? See your Mortgage Broker
As borrowing costs seem poised to rise further, consulting a mortgage broker to find the best terms in converting a variable-rate to a five year fixed-term mortgage is likely to provide savings and peace of mind.
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