October 19, 2020
Last week the BoC announced that it would end its Canada Mortgage Bond (CMB) purchase program. Today’s post explains why that may matter more than most think.
Posts from the ‘Bank of Canada’ Tag
September 21, 2020
The Bank of Canada says that rates are going to stay low for a "long time". But how long is a "long time"? Today's post offers my take.
September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today's post explains.
July 13, 2020
Today's post explains why our recent record employment growth hasn't impacted our mortgage rates and likely won't for some time yet.
June 29, 2020
Last week new BoC Governor Tiff Macklem made his first public comments and he sounded notably less optimistic than his predecessor. Today's post explains.
June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
April 27, 2020
Most borrowers are surprised to learn that mortgage rates are higher now than they were before the oil price crash and COVID-19. That may finally be changing.
April 20, 2020
Here are five highlights from the Bank of Canada's latest policy statement and Monetary Policy Report with my take on the implications for our fixed and variable mortgage rates.