November 4, 2019
Today's post offers my take on how the Bank of Canada's latest Monetary Policy Report and accompanying policy statement will impact Canadian mortgage rates.
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October 28, 2019
Today's post illustrates the value of a fixed-rate mortgage's flexibility.
October 21, 2019
Last week’s market-moving news centred around the announcement of phase one of a U.S./China trade deal, but a closer look at the details leads me to conclude that any associated boost will likely be short lived.
October 15, 2019
The idea that the Bank of Canada will delay rate cuts for fear that it will increase borrowing and accelerate house-price growth is flawed for two reasons. Today's post explains.
October 7, 2019
Today's post highlights the recent data that are pushing U.S. bond yields lower and explains why this will probably lead to lower Canadian mortgage rates.
September 30, 2019
In today’s post I turn my attention to a key issue for voters in our upcoming federal election: housing affordability.
September 23, 2019
The U.S. Fed lowered its policy rate again last week and today's post explains why the Bank of Canada will now be hard pressed to match any additional Fed cuts.
September 16, 2019
When the Bank of Canada (BoC) met on September 4, the Government of Canada (GoC) five-year bond yield stood at 1.12%, which marked a 52-week low. At the end of that meeting the Bank surprised market watchers when it released a more bullish than expected policy statement, and since then, our bond yields have moved steadily higher. To wit, the five-year GoC bond yield closed at 1.51% last Friday after its sharpest five-day increase in well over a year. While on first pass the cause and effect of our recent bond-yield surge may seem clear, a closer look suggests otherwise. I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me […]