3/31/2021 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ... More

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  3/30/2021 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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BMO Economics isn’t ruling out the possibility of a policy response to cool rapidly overheating Canadian real estate markets. ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  2/24/2021 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Canada's top central banker said Tuesday that the economy would continue to need monetary stimulus, likely until 2023, even though there are already signs it could be ... More

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  1/20/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

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  1/13/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More

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  1/7/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

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  12/9/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

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  11/25/2020 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Almost all households with expired debt referrals have resumed payments ... More

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  11/24/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

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  10/28/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada held the rate steady at 0.25 per cent and said the country’s economy won’t fully absorb slack in the economy before 2023, suggesting it will ... More

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  10/13/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run. ... More

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  9/9/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said it ... More

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  7/15/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More

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  6/23/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

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  4/30/2020 | Posted in Anouncements by Sam Cuda & Nancy Cuda
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

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  4/15/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More

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  3/6/2020 | Posted in Toronto Real Estate by Sam Cuda & Nancy Cuda
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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More

Real Estate & Mortgage News

  3/4/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Real Estate & Mortgage News

  10/30/2019 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More

Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

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