11/7/2018 | Posted in Mortgage Interest Rates by Marti Philp
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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

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  10/31/2018 | Posted in Mortgages and Real Estate by Marti Philp
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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

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  10/2/2018 | Posted in Mortgage Interest Rates by Marti Philp
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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

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

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  9/18/2018 | Posted in Financial Health by Marti Philp
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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

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  9/13/2018 | Posted in Real Estate News by Marti Philp
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Canada’s mortgage industry saw slowing growth in the second quarter of 2018 as stress tests and rising interest rates made an impact. ... More

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  9/5/2018 | Posted in Mortgage Interest Rates by Marti Philp
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next ... More

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  7/12/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ... More

Real Estate & Mortgage News

  7/12/2018 | Posted in Mortgages and Real Estate by Marti Philp
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

Real Estate & Mortgage News

  7/11/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  6/25/2018 | Posted in Mortgage Interest Rates by Marti Philp
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Economists still expect BoC rate rise but the numbers need to stack up. ... More

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  6/14/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Mortgage borrowing fell $2 billion to $13.7 billion in the first quarter of this year, the lowest level since the second quarter of 2014 according to Statistics Canada ... More

Real Estate & Mortgage News

  6/7/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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Canada's financial system is resilient, according to the Bank of Canada, but high household debt and imbalances in the housing market remain the biggest vulnerabilities. ... More

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  5/2/2018 | Posted in Financial Health by Marti Philp
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed. ... More

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  4/27/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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Canadian households, the main driver of the country’s economy for the past decade, are showing signs of spending fatigue. ... More

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  4/24/2018 | Posted in Canadian Economy and Housing Market by Marti Philp
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The tightened mortgage underwriting rules which came into effect at the start of the year have contributed to a slower start for the Canadian economy. ... More

Real Estate & Mortgage News

  4/18/2018 | Posted in Mortgage Interest Rates by Marti Philp
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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

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  4/17/2018 | Posted in Financial Health by Marti Philp
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

Real Estate & Mortgage News

  3/12/2018 | Posted in Financial Health by Marti Philp
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Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at risk ... More

Real Estate & Mortgage News

  3/5/2018 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s economy decelerated more than expected in the second half of last year, amid signs indebted households have begun slowing down spending. ... More

Real Estate & Mortgage News

  1/15/2018 | Posted in Mortgage Interest Rates by Marti Philp
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Real Estate & Mortgage News

  1/10/2018 | Posted in Financial Health by Marti Philp
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

Real Estate & Mortgage News

  10/24/2017 | Posted in Financial Health by Marti Philp
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Real Estate & Mortgage News

  9/24/2017 | Posted in Financial Health by Marti Philp
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ... More

Real Estate & Mortgage News

  9/22/2017 | Posted in Financial Health by Marti Philp
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication. ... More

Real Estate & Mortgage News

  9/19/2017 | Posted in Financial Health by Marti Philp
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter. ... More

Real Estate & Mortgage News

  9/12/2017 | Posted in Financial Health by Marti Philp
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate. ... More

Real Estate & Mortgage News

  9/6/2017 | Posted in Financial Health by Marti Philp
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans. ... More

Real Estate & Mortgage News