12/2/2022 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. ... More

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  11/23/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More

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  11/16/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

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  11/15/2022 | Posted in Home Buyers by Sam Cuda & Nancy Cuda
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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More

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  11/3/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

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  10/26/2022 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The move marks the latest "supersized" rate jump of 2022 ... More

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  10/7/2022 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

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  9/14/2022 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic lows. ... More

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  9/12/2022 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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New data from Statistics Canada shows that Canadians are sliding deeper into debt. ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. ... More

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  9/4/2022 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle. ... More

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  8/17/2022 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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Bank of Canada still focused on bringing inflation down, say economists ... More

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More

Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

Real Estate & Mortgage News

  6/28/2022 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

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  6/21/2022 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers. ... More

Real Estate & Mortgage News

  6/3/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels in ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – ... 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

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... 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

Real Estate & Mortgage News

  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

  1/17/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... 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

  9/6/2019 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... 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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