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Bank of Canada keeps rates steady, cuts language about future hikes

4/24/2019 | Posted in Interest Rates by Vanguard Realty
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Bank of Canada keeps rates steady, cuts language about future hikes. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates, Mortgage Consumers, Mortgage Rates, Mortgages & Real Estate, Variable Rate Mortgages

Bank of Canada to hold interest rates through 2020: TD Securities

3/15/2019 | Posted in Interest Rates by Vanguard Realty
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

4 Alarming Records

3/12/2019 | Posted in Canadian Housing Market by Vanguard Realty
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Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate. ... More

Canada Real Estate, Canadian Banks, Canadian Home Sales, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Home Buyers, Interest Rates, Mortgage Market, Mortgages & Real Estate, Stress Test

Canadian Housing Market This Bad Normally Means Recession: BMO

3/10/2019 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More

Bank of Canada, Canadian Housing Market, Canadian Real Estate Market Outlook, Economic Growth, Interest Rates, Stress Test

Bank of Canada maintains overnight rate target at 1.75%

3/6/2019 | Posted in Interest Rates by Vanguard Realty
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Household Debt, Interest Rates, Mortgages & Real Estate

Bank of Canada to cut rates before the end of 2019

2/28/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates

Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Vanguard Realty
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

Bank of Canada, Bank of Canada Benchmark Rate, Bankruptcy, Canada, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt

Interest rates low enough to stimulate economy: BoC

2/22/2019 | Posted in Interest Rates by Vanguard Realty
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Stephen Poloz says the upward path for interest rates is 'uncertain'. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market, Economic Growth, Interest Rates, Mortgage Rates Canada

Impact of tighter rules, interest rates greater than anticipated

2/1/2019 | Posted in Canadian Housing Market by Vanguard Realty
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The Bank of Canada has admitted that the economic impact of strict mortgage regulations, local housing restrictions, and the upward trend in interest rates was more serious than ... More

Bank of Canada, Canada Real Estate, Interest Rates, Real Estate Market, Stress Test

More Canadians say they are at risk of insolvency

1/22/2019 | Posted in Financial Health by Vanguard Realty
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

Household Debt, Interest Rates, NonMortgage Debt, Personal Finance

Lower mortgage rates won't do much for Toronto homebuyers

1/22/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ... More

Condo Prices Toronto, Condo Sales Toronto, Home Sales Toronto, House Prices Toronto, Interest Rates, Real Estate Investments, Real Estate Investors, Toronto Condo Market, Toronto Real Estate, Toronto Rental Market, Toronto Residential

Poloz buys borrowers more time but punishes savers

1/16/2019 | Posted in Interest Rates by Vanguard Realty
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Consumers, NonMortgage Debt, Savings

Bank of Canada announces interest rate decision

1/9/2019 | Posted in Mortgage Interest Rates by Vanguard Realty
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

Bank of Canada, Bank of Canada Benchmark Rate, Interest Rates

More people are going broke in Canada as interest rates rise

1/9/2019 | Posted in Financial Health by Vanguard Realty
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

Bankruptcy, Consumer Confidence, Consumer Spending, Finance, Household Debt, Interest Rates, NonMortgage Debt, Personal Finance

Economists renew prediction for lower interest rates for Canada in 2019

1/5/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canada, Canadian Housing Market, Economic Growth, Interest Rates

High debt levels, rising interest rates among challenges for 2019

12/19/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates. ... More

Canada, Consumer Spending, Economic Growth, Household Debt, Interest Rates

CMHC issues warning

12/17/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Canada Mortgage and Housing Corporation, CMHC, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt, Toronto, Unsustainable Price Growth, Vancouver, Variable Rate Mortgages

Bank of Canada makes key interest rate announcement

12/5/2018 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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The Bank of Canada is leaving its key interest rate unchanged. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Variable Rate Mortgages

Rate rises may be reshaped by oil production cuts says CIBC

12/4/2018 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Fixed Rate Mortgages, Interest Rates, Mortgage Rates Canada, Variable Rate Mortgages

Landing zone for rising interest rates 'sufficiently uncertain': Poloz

11/7/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and 3.5 ... More

Bank of Canada, Bank of Canada Benchmark Rate, Economic Growth, Household Debt, Interest Rates

Canadians should get used to idea of 3% interest rates

10/31/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year

10/30/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Consumer Spending, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt, Variable Rate Mortgages

Bank of Canada raises interest rate to 1.75%

10/24/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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CIBC, TD, Royal Bank and BMO all hike their prime rates too ... More

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, Variable Rate Mortgages

Pace of interest rate hikes seen picking up with trade deal in hand

10/2/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

Bank of Canada, Bank of Canada Benchmark Rate, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, USMCA, Variable Rate Mortgages

Canadian borrowers will feel this week's U.S. interest rate hike

9/24/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

Bank of Canada Benchmark Rate, Canada Real Estate, Home Buyers, Household Debt, Interest Rates, Mortgage Rates Canada, NonMortgage Debt, Variable Rate Mortgages

Debt continues surging

9/18/2018 | Posted in Financial Health by Vanguard Realty
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt. ... More

Canada, Household Debt, Interest Rates, NonMortgage Debt

CIBC hikes interest rate

5/1/2018 | Posted in Home Buyers by Vanguard Realty
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Big Six, First Time Home Buyers, Home Buyers, Interest Rates, Stress Test

Mortgage interest costs see biggest growth since 2009

4/27/2018 | Posted in Mortgages and Real Estate by Vanguard Realty
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Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009. ... More

Bank of Canada Benchmark Rate, Interest Rates, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgages & Real Estate, Statistics Canada

Bank of Canada makes interest rate announcement

4/18/2018 | Posted in Mortgage Interest Rates by Vanguard Realty
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canada, Household Debt, Interest Rates, Mortgage Consumers, NonMortgage Debt, Variable Rate Mortgages

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