Mortgage knowledgebase
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Mortgage-Rate Update: What to Make of the Bank of Canada’s Hawkish Hold
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The Bank of Canada (BoC) held its policy rate steady last week, as most of us expected it would, but not without a warning that it would hike again if ...

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Why Fixed vs. Variable is Getting More Interesting + Five Key Mortgage Updates
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Last week was a busy one for mortgage-related news and rates. Our banking regulator provided its latest review of its residential mortgage underwriting ...

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Why Higher Fixed Mortgage Rates Make Additional Policy-Rate Hikes Less Likely
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Last week, Statistics Canada confirmed that our economy added 63,800 new jobs in September, more than three times the consensus forecast of 20,000. Average ...

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Thoughts on Diverging US/CDN Economic Momentum, the Mortgage Stress Test, and an Unfair Policy Trapping Many Mortgage Borrowers
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We received the latest GDP data for both Canada and the US last week, and today’s post will start with my take on how it will likely impact our mortgage ...

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Thoughts on Inflation, Bond Yields, Rate-Hike Prospects, and Where Canadian Mortgage Rates Are Headed
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There was a lot of mortgage-related news last week. On Tuesday we received the latest inflation data from Statistics Canada. It confirmed that prices ...

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US Inflation Rises Ahead of the Federal Reserve’s Meeting This Week
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Last week we learned that the US Consumer Price Index (CPI) increased to 3.7% year-over-year in August, up from 3.2% in July. It rose 0.6% on a ...

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Has the Bank of Canada’s Policy Rate Peaked?
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The Bank of Canada (BoC) held its policy rate steady last week. That means our variable mortgage and home-equity line-of-credit rates will remain at their ...

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Why Another Bank of Canada Rate Hike Is Still Possible
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Last week we learned that our Gross Domestic Product (GDP) contracted by 0.2% in the second quarter on an annualized basis, well below both the consensus ...

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Mortgage Advice: The Best of Today’s (Lousy) Mortgage-Rate Options?
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Fixed mortgage rates rose again last week, and the Bank of Canada (BoC) is expected to hike its policy rate by another 0.25% when it meets this Wednesday. ...

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Why Today’s Job Losses Won’t Change the Bank of Canada’s Mind
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Last week Statistics Canada confirmed that our economy shed approximately 6,000 jobs in July, a far cry from the 20,000 increase that the consensus was ...

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US Inflation Rises, and Canadian Inflation Is About to Follow
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The US headline Consumer Price Index (CPI) ticked higher last month, rising from 3.0% in June to 3.2% in July on an annualized basis. That result was a ...

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Canadian Inflation Rises. Will Mortgage Rates Follow?
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Last week Statistics Canada confirmed that our headline Consumer Price Index (CPI) increased from 2.8% to 3.3% in July (annualized). An inflation uptick ...

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