Category: Interest Rate

Mortgage Interest Rate Cuts In June?

Mortgage Interest Rate Cuts In June?

February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.

Too Early For Rate Decrease: Bank of Canada

Too Early For Rate Decrease: Bank of Canada

The Bank of Canada’s Governing Council is hesitant to pinpoint when they might begin easing interest rates, as indicated in the summary of discussions from their January 24 meeting.

2023 Housing and Mortgage Market Review

2023 Housing and Mortgage Market Review

In October, Canada’s inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The economic landscape reveals sluggish GDP growth, a rising unemployment rate, and a likelihood of the Bank of Canada pausing interest rate hikes until April 2024, followed by a potential 75 basis points reduction by the end of the following year.

Fixed Vs Variable Interest Rates

Fixed And Variable Interest Rates

When choosing a mortgage, there are two rate structures: fixed and variable interest rates. Both have advantages and disadvantages that must be considered before making a decision.

Mortgage Interest Rate Cuts In June?

Mortgage Interest Rate Cuts In June?

February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.

READ MORE
2023 Housing and Mortgage Market Review

2023 Housing and Mortgage Market Review

In October, Canada’s inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The economic landscape reveals sluggish GDP growth, a rising unemployment rate, and a likelihood of the Bank of Canada pausing interest rate hikes until April 2024, followed by a potential 75 basis points reduction by the end of the following year.

READ MORE
Fixed Vs Variable Interest Rates

Fixed And Variable Interest Rates

When choosing a mortgage, there are two rate structures: fixed and variable interest rates. Both have advantages and disadvantages that must be considered before making a decision.

READ MORE

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