Mortgage knowledgebase
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The Bank of Canada Cuts and Coos
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The Bank of Canada (BoC) cut its policy rate by another 0.25% last Wednesday, lowering it to 4.5%. That news brings welcome relief to Canadians with ...

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Inflation and Inflation Expectations Have Reset Lower. Are Mortgage Rates Next?
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Last week, Statistics Canada confirmed that our Consumer Price Index (CPI) increased by 2.7% in June on a year-over-year basis, down from 2.9% in May, and ...

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Easing US Inflation is Good News for Canadian Mortgage Borrowers
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Last week we learned that US inflation cooled in June. That was welcome news for anyone keeping an eye on Canadian mortgage rates. The US Consumer Price ...

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How Will Weak Employment Data Impact Canadian Mortgage Rates?
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Last week, Statistics Canada confirmed that our economy lost an estimated 1,400 jobs in June, a major shortfall from the consensus forecast that it would ...

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Will Last Month’s Inflation Uptick Alter the Bank of Canada’s Plans?
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Last week Statistics Canada confirmed that our Consumer Price Index (CPI) increased by 2.9% in May on a year-over-year basis, up from 2.7% in April. For ...

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Is US Economic Momentum Really That Strong?
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It doesn’t take long for anyone keeping an eye on Canadian mortgage rates to see the impact on them from US economic developments. Government of Canada ...

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How the US Fed’s Latest Decision Will Impact Canadian Mortgage Rates
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The US Federal Reserve held its policy rate steady last week, as expected. Today’s post will provide highlights from the Fed’s latest policy statement and ...

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How Low Will the Bank of Canada Go?
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The Bank of Canada (BoC) reduced its policy rate from 5.00% to 4.75% last week, marking its first cut since it slashed its policy rate by 1.50% in March ...

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Fixed vs Variable Mortgage Rates: Which Option Will Save You Money?
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The Bank of Canada (BoC) meets this Wednesday, and bond-market investors now put the odds of a 0.25% rate cut at about 70%. If the Bank cuts, the rates on ...

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Softer Inflation Should Usher in the First Bank of Canada Rate Cut
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Last week, Statistics Canada confirmed that inflation pressures declined again in April. Our overall Consumer Price Index fell to 2.7% in April on a ...

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Canadian Mortgage Rate Update – Top Five Recent Posts
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I hope that you enjoyed the Victoria Day long weekend. I took the weekend off from writing, so there won’t be a new post this week. I’ll be back next ...

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Was Our Latest Employment Data Just Sound and Fury?
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Last week, Statistics Canada estimated that our economy added 90,000 new jobs in April. That headline result, which was more than four times the consensus ...

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