Info, news and tips about the Canadian mortgage industry, – real estate/housing market, interest rates, and more.
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The Bank of Canada interest rate is remaining at 0.25% for June 2020. On June 3, 2020, the Bank of Canada (BOC) announced they are maintaining the overnight rate of 0.25%, which came into effect on March 27, 2020. This was not a surprise as the BOC had called the…
The Bank of Canada (BOC) interest rate held for the 10th time in a row on January 22, 2020. The rate stayed at 1.75%, the same it has been since October of 2018. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%. Here’s what the BOC had…
The BOC interest rate is staying at 1.75% for another month thanks to several “sources of resilience” in the Canadian economy — including housing activity. “Housing investment was also a source of strength, supported by population growth and low mortgage rates,” the Bank of Canada (BOC) stated in its December…
The Bank of Canada (BOC) interest rate is remaining at 1.75% for another month. On October 30, 2019, the BOC announced that the overnight interest rate will go unchanged. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%. The interest rate has stayed the same for a…
The Bank of Canada is maintaining the Canadian interest rate for the eleventh month in a row. On September 4, 2019, the Bank of Canada (BOC) announced that the overnight interest rate will stay at 1.75% for another month. The last time the rate increased was in October of 2018…
The July 2019 Bank of Canada interest rate announcement included a positive mention of the Canadian real estate market: The Bank of Canada (BOC) sees the Canadian real estate market stabilizing at a national level. On July 10, 2019, the Bank of Canada announced it is holding the overnight interest…
![This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]](https://www2.geowarehouse.ca/wp-content/uploads/2019/02/Canadian-condo-market-sm.png)
In the final quarter of 2018, Canadian housing affordability worsened for a 14th consecutive quarter, found economic research from the National Bank Housing Affordability Monitor. Using data from the Teranet-National Bank House Price Index, National Bank Deputy Chief Economist Matthieu Arseneau and Economist Kyle Dahms released a quarterly report on…
Last year in 2018 we saw many changes to the Canadian housing market. Now that 2019 is here, what will this year bring? We’re breaking down real estate predictions for the year ahead. Here’s what’s on our radar: 1. Interest Rate Increases In 2018, we saw Canadian interest rates rise…
Good news for those who have resolved to buy a house in 2019: the Bank of Canada overnight rate is staying the same for now. On January 9, 2019, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% (the rate set in October of…
The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…