🚨Rate Cut Tomorrow? Will It Be 0.25 or 0.50bps?
The Bank of Canada is set to make another big decision tomorrow, December 11, and it’s expected to bring more good news for borrowers. Following a series of rate cuts in recent months, many experts are predicting another reduction in the key overnight rate—possibly by as much as 50 basis points (0.50%). This potential move […]
🌸🏠 Spring Into Action: Preparation Is Key💼
The spring 2025 real estate market is set to be one of the most active in recent years, with Ontario and Canada poised for a surge in buying and selling activity. Stabilized interest rates, strong buyer demand, and an expected increase in property listings could create a competitive environment as early as March. If you’ve […]
Inflation Surprises Market 📊 Will the Bank of Canada Go Big in December? 🤔💡
The chances of another jumbo rate cut from the Bank of Canada in December just became a little less certain, thanks to an unexpected uptick in the latest inflation numbers. The chances of another jumbo rate cut from the Bank of Canada in December just became a little less certain, thanks to an unexpected uptick […]
The Hidden Hand Behind Fixed Rates: The Role Of The Term Premium🌎🏡
When it comes to borrowing, Canadian mortgage holders are often told that fixed and variable rates respond to different forces. The Bank of Canada (BoC) tends to steer variable rates, whereas fixed rates are tethered to the ups and downs of the bond market. While this is mostly accurate, it’s an oversimplification. In reality, variable […]
📉 Is This the Big Break For Borrowers? Bank Of Canada Slashes Rates by 0.50%!🏠
The Bank of Canada has made a significant change, cutting its key interest rate by 50 basis points, bringing it down from 4.25% to 3.75%. This is the first time since the COVID-19 pandemic that we’ve seen a rate cut this large. Leading up to the announcement, economists predicted a bigger-than-usual cut, as the central […]
To Break Or Not To Break?🔒
One of the most frequently asked questions by homeowners today is, “Should I break my current mortgage and get a new one at today’s rates?” This is a question that has gained a lot of attention, especially as interest rates fluctuate, leaving many Canadians wondering if they can save by switching up their mortgage strategy. […]
Opportunities In Canada’s Evolving Mortgage Market🏡💼
The Canadian mortgage market is currently brimming with opportunities, offering optimism for prospective homebuyers and homeowners alike. With recent developments in inflation control, interest rate trends, and the competitive nature of the mortgage landscape, now is a really great time to take advantage of favourable conditions to secure a great mortgage deal. Canada’s inflation rate […]
💸🇨🇦Canada’s Inflation Target Met: Inflation Rate Drops to 2%
Notably, the drop in inflation was largely driven by falling gasoline prices, which tend to be unpredictable. Excluding gasoline, inflation still remained low, at 2.2%. CIBC senior economist Andrew Grantham believes that this favorable inflation reading provides the central bank with room to cut interest rates further. “Inflation remains unthreatening, and the Bank of Canada […]
New Mortgage Rules in Canada: Aiming to Unlock Homeownership for Millions
In a significant move aimed at making homeownership more accessible, Finance Minister Chrystia Freeland announced on September 16, 2024, a series of mortgage rule changes that promise to reshape the Canadian housing market. These changes, set to take effect on December 15, 2024, are described by the government as the “boldest mortgage reforms in decades.” […]
🔮 Mortgage Rates: What’s Next? Fixed vs. Variable – The Big Decision🏡💡
Mortgage rates have been on a rollercoaster ride over the past few months, influenced by economic data ranging from inflation reports to employment numbers. However, as the dust begins to settle, we may be approaching a calmer period for rates—or perhaps the calm before another storm. After enduring several economic data points, bond yields have […]
