Mortgage knowledgebase
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The Bank of Canada Beats a Hasty Retreat
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The Bank of Canada (BoC) reduced its policy rate by 0.50% last Wednesday, from 4.25% to 3.75%. Variable mortgage rates dropped by the same amount shortly ...

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Have Canadian Fixed Mortgage Rates Bottomed?
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Canadian mortgage borrowers have benefitted from some helpful tailwinds of late. The Bank of Canada (BoC) aggressively cut its policy rate, lowering it ...

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A Busy Week for Mortgage-Related News
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Last week was packed with news worth noting for Canadians keeping an eye on mortgage rates. Former US President Donald Trump won the US presidential ...

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A Warning About Canadian Fixed Mortgage Rates
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Will fixed mortgage rates keep falling? The consensus thinks they will. I’m not convinced. To explain why, let’s start with a quick recap. The Bank of ...

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Why Our Inflation Uptick Is Unlikely to Deter the Bank of Canada’s Rate Cut Plans
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Last week Statistics Canada confirmed that our Consumer Price Index (CPI) increased to 2.0% in October, above the consensus forecast of 1.9%. The Bank of ...

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How Low Will the US Fed Go This Wednesday?
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The US Federal Reserve meets this week, and the market unanimously expects that it will reduce its policy rate for the first time since the start of the ...

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Thoughts on the Bank of Canada’s Most Recent Rate Cut and Commentary
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Last week the Bank of Canada (BoC) dropped its policy rate from 4.50% to 4.25%, as expected. Our variable mortgage rates fell by the same amount shortly ...

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Why the Bank of Canada Should Cut by 0.50% This Week
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The Bank of Canada (BoC) meets this Wednesday and there is broad consensus that it will cut its policy rate by another 0.25%, lowering it from 4.50% to ...

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Canadian Inflation Falls and the US Fed Pivots
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Last week saw encouraging developments on both sides of the 49th parallel for anyone hoping that Canadian mortgage rates will continue to drop. We learned ...

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How the Latest US Economic Data Have Impacted Fed Rate Cut Prospects
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The latest US economic data have US bond-market investors paring back their bets on a 0.50% rate cut by the US Federal Reserve at its next meeting on ...

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Why the Canadian Employment Narrative Is About to Change
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Last week Statistics Canada confirmed that our economy continued to shed jobs in July. We lost 2,800 jobs on a net basis last month, following a net loss ...

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Bond-Market Investors Now Expect the US Fed to Start Slashing Its Policy Rate Soon
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Bond yields plunged last week as investors repositioned themselves for a US led global economic slowdown. The US economy has been relying on temporary ...

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