Bank of Canada Interest Rate Announcement
Posted on Jan 20, 2021 in Mortgage News
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...Bank of Canada Interest Rate Announcement
Posted on Dec 13, 2020 in Mortgage News
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank is also continuing its quantitative easing (QE) program, purchasing at least $4 billion of Government of Canada bonds per week and re-affirmed its forward guidance on future interests moves, committing to holding...Bank of Canada Recalibrates Quantitative Easing
Posted on Oct 28, 2020 in Mortgage News
As expected, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will continue to rely on large-scale asset purchases--quantitative easing (QE). The central bank is recalibrating its QE program as promised in recent w...Bank of Canada Interest Rate Announcement
Posted on Oct 28, 2020 in Mortgage News
The Bank of Canada held its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank is also continuing its quantitative easing (QE) program, though re-calibrated to target longer-term bonds and slightly scaled back from purchasing $5 billion per week in Government of Canada bonds to $4 billion per week...Canadian Inflation (September 2020)
Posted on Oct 21, 2020 in Mortgage News
Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.5% in September year-over-year, up from the previous month's increase of 0.1%. Excluding gasoline, the CPI rose by 1.0%. Prices rose in six of eight components year-over-year with notable increases in shelter (1.7%), food (1.6%), and health/personal care (1.6%), while price...Commercial Real Estate Sales Update - Q2 2020
Posted on Sep 28, 2020 in Mortgage News
Commercial real estate sales decline in the second quarter
As the COVID 19 pandemic intensified in the second quarter of 2020 (Q2), the Lower Mainland’s commercial real estate market experienced fewer sales while dollar values fluctuated depending on property type.Commercial real estate sales totalled 324 in the Lower Mainland in Q2 2020, a 26.5 per...