Posts from the ‘Monday Morning Mortgage Rate Updates’ Category

The idea of a trade war with the U.S. seemed ridiculous until very recently. Then again, so too did the idea that Canadian steel (or Canadian anything) poses any sort of threat to U.S. national security. And yet here we are. As our leaders contemplate retaliatory tariffs against President Trump, the U.S. Bully-in-Chief, we must now imagine a world where Canada and the U.S. no longer trade freely with each other, and for readers of this blog, contemplate how that development is likely to affect Canadian mortgage rates. First, a quick recap. 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 or apply for a Mortgage Check-up to obtain […]

The question that follows from last Friday's weak Canadian employment report is: How will it impact the Bank of Canada's plans to raise rates again in the near future?

Today’s post provides highlights from the Bank of Canada’s latest statement and offers my take on how it impacts the appeal of our variable-rate mortgages.

In today's' post I simulate three different scenarios for Canadian variable rates over the next five years and provide a rationale for how each might unfold.

It’s time for a fresh look at the question every borrower loves to ask: Is now a good time to choose a fixed or variable rate?

There is no new post this week but I will be back up and running next Monday as usual. In the meantime, here are links to my five most popular posts thus far in 2018: Canadian Mortgage Rate Forecast for 2018 – Part 1 (Five-Year Fixed Rates) Canadian Mortgage Rate Forecast for 2018 – Part 2 (Five-Year Variable Rates) Do Higher Interest Rates Cause Lower House Prices? How to Make Your Mortgage Tax-deductible (Part One) Open vs. Closed Mortgages: The Surprising Winner Is… 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 or apply for a Mortgage Check-up to obtain the best available rates and terms.

Posted rates from the Big Six banks are now used to determine how much we can borrow. As their importance grows, their use should be subject to more scrutiny.

The Bank of Canada (BoC) left its overnight rate unchanged last week, as most market watchers expected. The Bank also released its latest quarterly Monetary Policy Report (MPR), which provides us with the Bank’s assessment of the current economic conditions at home and abroad and includes forecasts for key economic data. The overall tone of the BoC’s latest MPR sounded cautiously optimistic – cautious over the short term but more optimistic over the longer term. Bluntly put, I think the Bank’s latest assessment makes it less likely to raise rates in the near term, but also reconfirms its belief that a rate hike will eventually be its next move. In last week’s post I outlined five key questions for the BoC’s latest meeting and in this week’s post, […]