Posts from the ‘Monday Morning Mortgage Rate Updates’ Category

Today's post provides an update on the three key areas that the Bank of Canada is monitoring to determine when additional rate hike will be appropriate.

Last week was a relatively quiet one on the interest-rate front. Government of Canada bond yields, which our fixed mortgage rates are priced on, edged a little higher, but five-year fixed rates continued to fall among laggard lenders who had not already lowered to match RBC’s recent cut. Last Friday we received our latest inflation data, and while it showed an uptick in our overall Consumer Price Index (CPI), from 1.7% in November to 2.0% in December, most of that bump was caused by a spike in the cost of airfares and fresh vegetables. That isn’t likely to cause much concern at the Bank of Canada because its three key measures of core inflation, which strip out the inputs that cause short-term volatility in overall CPI, all held […]

The Bank of Canada expects our economy to slow over the first half of 2019 before resuming its prior growth rate, but I noted a glaring omission in its forecast.

Today's post offers my forecast for Canadian mortgage rates in 2019. (Spoiler alert: I expect that rates are headed lower, but be careful what you wish for.)

The U.S. Federal Reserve is widely expected to hike its policy rate by another 0.25% when it meets this Wednesday. The question that is being actively debated is whether it will also adopt more dovish language in its forward guidance (and the answer could impact Canadian mortgage rates).

Just like that, all of the dire warnings about rapidly rising Canadian mortgage rates disappeared faster than cookies and carrots on Christmas Eve.

Six weeks ago the BoC warned that higher rates were imminent. Much has changed since then. Will the Bank pivot when it meets this Wednesday? (Hint: It should)

This week's post offers my take on whether Canadian mortgage rates will be impacted by the recent rise in our inflationary pressures.