Mortgage knowledgebase
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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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Monday Morning Interest Rate Update
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Dog reading book with glasses. I was away last week so there is no new post today. I’ll be back next Monday, and in the meantime, here are ...

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Why Canadian Inflation Is About to Move Higher
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Last week Statistics Canada confirmed that our Consumer Price Index (CPI) dropped to 2.8% in June, its lowest level in more than two years. ...

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The Bank of Canada Tightens Again
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The Bank of Canada (BoC) hiked its policy rate by another 0.25% last Wednesday, as widely expected. That means our ...

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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 ...

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Canadian Mortgage Rate Update: A Busy Week for New Economic Data
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Last week included several data releases that were noteworthy for anyone keeping an eye on Canadian mortgage rates. On Tuesday, Statistics ...

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Update: Should You Choose a Fixed- or Variable-Rate Mortgage?
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If you’re in the market for a mortgage today, you may be experiencing some sticker shock now that mortgage rates have risen to their ...

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