If you’re keeping an eye on Canadian mortgage rates, you would be wise to keep your other eye focused on what is happening with inflation south of the border.
Mortgage rates rose again last week and the main catalyst was the resolution of the NAFTA renegotiations. Today's post examines the new USMCA's longer-term impact.
Today's post offers my take on how the U.S. Federal Reserve's latest rate hike is likely to impact Canadian mortgage rates over the near and medium terms.
It appears almost certain that the Bank of Canada will hike rates again on Oct 24. Should variable-rate mortgage borrowers now be locking in to a fixed rate?
This week I take a look back at a post I wrote in 2010 that explains how the U.S. lent its way to a housing crisis and how Canada avoided the same fate.
When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged at 1.5% as was widely expected. The real question for anyone keeping an eye on Canadian mortgage rates was whether the Bank would hint at its plans for its next meeting on October 24.