January 27, 2020
The Bank of Canada offered a decidedly more cautious outlook last week. Government of Canada bond yields fell in response and five-year fixed rates started dropping shortly thereafter.
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Welcome to Canada's Premier Mortgage Blog
January 13, 2020
In today’s post I offer my predictions of where our fixed and variable mortgage rates are headed in 2020.
December 16, 2019
Last week Prime Minister Trudeau asked Finance Minister Morneau to review the mortgage stress test. Here are my thoughts on two tweaks he should recommend.
December 9, 2019
The Bank of Canada didn't raise rates last week and it sounded surprisingly optimistic about our economy's prospects. Today's post offers my take.
December 2, 2019
Last week's GDP data came in lower than the Bank of Canada expected but I don't think that will cause the Bank to cut its policy rate when it meets this week.
November 25, 2019
Last week we learned that overall inflation rose by 1.9% on a year-over-year basis in October.
The consensus believes that at-target inflation will prevent the Bank of Canada from cutting its policy rate in the near future, but I don’t think it should.
November 18, 2019
The Bank of Canada's reluctance to cut its policy rate has caused the Loonie to appreciate against other currencies, creating a headwind that has hurt our export sales. The cost of its continued inaction is growing.
November 11, 2019
Today's post answers an increasingly popular question: Should variable-rate mortgage borrowers lock in a fixed rate now?