Mortgages by Amit

Inflation data raise odds of smaller rate hike in December, economists say.

Inflation data raise odds of smaller rate hike in December, economists say Canada's consumer price index held at 6.9%, and that could mean a smaller rate hike from the Bank of Canada in December. Find out more

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

These money-saving strategies can help investors make the most of a very bad year

These money-saving strategies can help investors make the most of a very bad year Jason Heath: You can earn a guaranteed return on your investments whether markets rise or fall. Find out more.

Bank of Canada’s interest rate hike likely won’t cool housing, experts say

https://www.google.com/amp/s/www.thestar.com/amp/business/economy/2022/03/02/bank-of-canadas-interest-rate-hike-likely-wont-cool-housing-experts-say.html

Bank of Canada’s interest rate hike likely won’t cool housing, experts say Bank of Canada’s decision to hike the rate to 0.5 per cent from 0.25 per cent won’t take much of an edge off the real estate market, one expert says.

There's never been a better time to get into Canadian real estate!

https://financialpost.com/personal-finance/business-essentials/theres-never-been-a-better-time-to-get-into-canadian-real-estate

There's never been a better time to get into Canadian real estate 2021 was the busiest year the Canadian housing market's had, which means there's a lot of work out there

Bank of Canada keeps key interest rate target on hold!

Bank of Canada keeps key interest rate target on hold, citing pandemic-related risks The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery.

33% of Canadian house hunters exploring "alternative options" to afford homes

https://dailyhive.com/vancouver/canadian-house-hunters-alternative-options-afford-homes

33% of Canadian house hunters exploring "alternative options" to afford homes | Urbanized Canadian house hunters are turning to "alternative options" to be able to enter the country's red hot real estate market.

Vancouver real estate: Sales eased in June as benchmark price was flat

https://bc.ctvnews.ca/mobile/vancouver-real-estate-sales-eased-in-june-as-benchmark-price-was-flat-1.5497379

Vancouver real estate: Sales eased in June as benchmark price was flat The real estate market in Metro Vancouver eased in June from its record-setting pace in March and April.

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Tiff Macklem to lead the Bank of Canada!

https://www.google.com/amp/s/www.cbc.ca/amp/1.5551828

Tiff Macklem to lead the Bank of Canada | CBC News Finance Minister Bill Morneau has appointed Tiff Macklem, the former senior deputy governor of the Bank of Canada, to take over the top job at the central bank as it navigates the uncertainty of a pandemic-driven recession.

Bank of Canada makes another emergency cut to interest rate!

https://www.google.ca/amp/s/www.cbc.ca/amp/1.5512098

Bank of Canada makes another emergency cut to interest rate | CBC News The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses

https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses - Canada.ca The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.

Bank of Canada cuts rate by 50 basis points in surprise move!

https://www.google.com/amp/s/nationalpost.com/pmn/news-pmn/politics-news-pmn/bank-of-canada-cuts-rate-by-50-basis-points-in-surprise-move/amp

Bank of Canada cuts rate by 50 basis points in surprise move The Bank of Canada announced a surprise interest rate cut on Friday, bringing down its benchmark rate by 50 basis points to 0.75%. The central bank cut its key rate by a similar margin last week in…

Bank of Canada lowers overnight rate target to 1 ¼ percent

https://www.bankofcanada.ca/2020/03/fad-press-release-2020-03-04/

Bank of Canada lowers overnight rate target to 1 ¼ percent 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 rate is 1 percent.

Bank of Canada will likely cut another quarter point in April, economists say!

https://business.financialpost.com/news/economy/bank-of-canada-will-likely-cut-another-quarter-point-in-april-economists-say

Bank of Canada will likely cut another quarter point in April, economists say ‘The Bank is making a big tradeoff here, deciding that the risks of a virus-driven slowdown are much higher than the risks of a raging housing market’

Bank of Canada's hand likely forced by Federal Reserve's emergency rate cut!

https://business.financialpost.com/news/economy/bank-of-canadas-hand-likely-forced-by-federal-reserves-emergency-rate-cut

Bank of Canada’s hand likely forced by Federal Reserve’s emergency rate cut Kevin Carmichael: If the G7’s game plan is coordinated stimulus, then the Bank of Canada is up next

Nine things mortgage shoppers should know about the stress-test changes-April 6th 2020

https://www.google.com/amp/s/www.theglobeandmail.com/amp/investing/personal-finance/household-finances/article-nine-things-mortgage-shoppers-should-know-about-the-stress-test/

Nine things mortgage shoppers should know about the stress-test changes We could potentially see a one percentage point reduction in the stress test rate by sometime next year

Vancouver housing prices revive in Q4

https://www.investmentexecutive.com/news/research-and-markets/vancouver-housing-prices-revive-in-q4/

Vancouver housing prices revive in Q4 | Investment Executive Ottawa was the hottest urban market, while Calgary was the coolest

Bank of Canada holds interest rate, but cuts growth forecasts as economy's engine loses momentum

https://www.google.ca/amp/s/business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate-at-1-75-4/amp

Bank of Canada holds interest rate, but cuts growth forecasts as economy’s engine loses momentum Kevin Carmichael: Policy makers will be watching closely to see if the slump is more persistent than expected

Shrinking condos, growing houses: Why homebuilders are increasingly going to extremes

https://business.financialpost.com/real-estate/shrinking-condos-growing-houses-why-homebuilders-are-increasingly-going-to-extremes

Shrinking condos, growing houses: Why homebuilders are increasingly going to extremes Haider-Moranis Bulletin: Declining household sizes and evolving suburban lifestyles are both at play

Bank of Canada maintains interest rate: Read the official statement.

https://business.financialpost.com/news/economy/bank-of-canada-maintains-interest-rate-read-the-official-statement-6

Bank of Canada maintains interest rate: Read the official statement Bank of Canada holds its key interest rate at 1.75 per cent

Greater Vancouver’s housing market correction is finally having a noticeable impact on condo prices.

That’s according to a new report from real estate firm Royal LePage, which found that the per-square-foot price of a condo in Greater Vancouver has fallen more than any other major market in the country this year.



https://globalnews.ca/news/5824778/vancouver-condo-prices-see-biggest-drop-in-canada-but-still-lead-the-nation-report/

Vancouver condo prices see biggest drop in Canada, but still lead the nation: report Greater Vancouver's housing market correction is finally having a noticeable impact on condo prices.

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Economists still think Bank of Canada will keep interest rates on hold, bucking global easing trend

https://business.financialpost.com/news/economy/economists-still-think-bank-of-canada-will-keep-interest-rates-on-hold-bucking-global-easing-trend

Economists still think Bank of Canada will keep interest rates on hold, bucking global easing trend Key indicators continue to beat expectations with growth in the second quarter tracking faster than expected