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Mortgage Rates Canada / My Blog

Interest rates to hit 1.75% by summer 2019

8/16/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

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Here's why BoC might hold off raising rates despite all signs pointing to another hike

8/9/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Should Poloz and his policy team sit on their hands for now or entertain at least one more rate increase in the coming months?

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Now that the Bank of Canada has scratched the interest rate itch, get ready for more

7/24/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ...

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Three big banks raise prime lending rates following rate hike from Bank of Canada

7/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank.

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The Bank of Canada hikes rate for first time in seven years

7/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ...

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Stress tests are driving some to riskier lending

7/12/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.

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Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

7/7/2017 | Posted in Mortgage News by Shan Thayaparan

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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ...

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Canada July Rate Hike Odds Jump After Poloz Restates Bias

6/28/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Canadian dollar rallied to a four-month high and investors ramped up bets for a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated ...

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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ...

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U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ...

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Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Shan Thayaparan

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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ...

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Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ...

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Forecasting the next rate increase

6/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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Mortgage rates ticking higher for subprime borrowers

6/8/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Rates at alternative lenders have increased by as much as 150 basis points since the start of April

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A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

5/25/2017 | Posted in Financial Health by Shan Thayaparan

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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ...

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Canada home prices not coming down yet thanks to low rates: Reuters poll

5/25/2017 | Posted in Real Estate Market by Shan Thayaparan

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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ...

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Bank of Canada maintains overnight rate target at 1/2 per cent

5/24/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

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Prepare for multi-point interest rate rise

5/5/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Mortgage borrowers should be prepared for a rise in interest rates which could mean a 2.5 per cent rise by 2021 says Desjardins.

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Home Capital crisis might precipitate mortgage rates hikes

5/3/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ...

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Mortgage rates continue to defy expectations as Trump runup fizzles

4/28/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

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What to expect after the U.S. Fed rate hike

3/17/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ...

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US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ...

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Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ...

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Canada's banks are pushing back against taking on more mortgage risk

3/1/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ...

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Bank of Canada announces rate

3/1/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ...

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Mortgage rates to remain low for the first half of 2017

2/24/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ...

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Variable-rate mortgages becoming more important to the market

2/10/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages ...

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Bank of Canada announces rate

1/18/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump ...

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What the housing market could look like in 2017

1/3/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canadians coast-to-coast love to talk about the cost of homes, and 2016 was a hot year for the housing market in many cities. Here’s what is likely to happen to the ...

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U.S. Fed rate hike will spill over the border

12/16/2016 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Any move by the U.S. Federal Reserve will have a noticeable impact on the Canadian financial system - and this is especially true for any fluctuation in the Fed’s ...

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