Posts from the ‘Monday Morning Mortgage Rate Updates’ Category

On January 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing attempts to slow our economy’s rate of mortgage debt accumulation. While I agree in principle with their instincts and with their earlier changes, I take issue with their most recent methodology. For example, in a recent post I criticized the decision to use an average of the posted rates at the Big Six Banks to set the stress-test rate, because posted rates aren’t actually used for lending and because relying on rates from a sub-group of lenders effectively means that the regulator is delegating de facto control over consumer access to mainstream borrowing. I also questioned whether 4.99% was the right rate to use and called on our […]

Today's post explains how Canadian Mortgage Rates are benefiting from our current "inflationary sweet spot".

The latest employment data have led to speculation that the Bank of Canada may accelerate its rate-hike timetable. I disagree and today's post explains why.

The Bank of Canada (BoC) left its policy rate unchanged last week, as expected. The Bank also sounded more cautious about hiking rates in the near future, and that was somewhat unexpected (at least to market watchers who are not regular readers of this blog).

In today’s post I explain why our policy maker’s efforts to curb our household borrowing rates will also slow overall consumer spending, and most importantly for Canadian mortgage borrowers, why that will keep a lid on both our fixed and variable mortgage rates going forward.

We received the latest Canadian employment report, for September, last Friday and while it showed that our rate of job creation slowed, it also confirmed that average wages increased by 2.2% on a year-over-year basis. In today's post I offer my take on how this latest data might impact both our fixed and variable mortgage rates.