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Tempered Rate Hike Forecasts for 2019

December 7, 2018 | Ryan Foreman

Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now.

The central bank adopted a more dovish stance at yesterday’s rate hold announcement, which confirmed a growing chorus of analysts who n...

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Bank of Canada raises interest rate to 1.75%

October 24, 2018 | Ryan Foreman

The Bank of Canada has raised its benchmark interest rate by a quarter point for the fifth time since last summer, pushing up the cost of borrowing for Canadians.

The bank's rate is now set at 1.75 per cent. That's the highest it's been in almost a decade, dating back to December 2008.

Known as...

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Benefits of Homeownership Reaffirmed in New Study

September 18, 2018 | Ryan Foreman

Despite deteriorating housing affordability across the country, buying a home is still the more affordable option when compared to renting.

A new report from Mortgage Professionals Canada has determined that, despite the rapid rise in home price, those who are able to invest in a home would end...

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In line with economists’ consensus prediction, the Bank of Canada today chose not to hike its mortgage rate-influencing overnight rate.

“As widely expected, the Bank of Canada left the overnight rate unchanged at 1.50 per cent today,” write National Bank economists Krishen Rangasamy and Paul-André...

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