Mortgage News

Mortgage Rate Forecast 2020

Posted on Dec 11, 2019 in Mortgage News

Mortgage Rate Forecast 2020

As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbi...

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Bank of Canada Interest Rate Announcement

Posted on Oct 30, 2019 in Mortgage News

The Bank of Canada held its overnight rate at 1.75 per cent this morning.


In the statement accompanying the decision, the Bank noted that ongoing trade conflicts have weakened the global economic outlook, which is expected to drag Canadian economic growth below its potential in the second half of this year. The bank is further projecting that growth...

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