Marti Philp

More than half of GTA condo investors losing money on properties, says new report

5/29/2023 | Posted in GTA Real Estate by Marti Philp
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'A change in investor behaviour is on the horizon,' report says ... More

GTA Condo Market, Interest Rates, Real Estate Investors

Further BoC hike may be necessary, says leading economist

5/24/2023 | Posted in Mortgage Interest Rates by Marti Philp
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ... More

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

Toronto House Prices Jump By $130,000 In A Year

3/6/2020 | Posted in Toronto Real Estate by Marti Philp
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Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More

Bank of Canada, Interest Rates, Stress Test, Toronto Condo Market, Toronto House Prices, Toronto Living, Toronto Real Estate, Toronto Real Estate Prices, Toronto Residential

Canadian Household Borrowing Jumps By 31%, StatCan Says

12/16/2019 | Posted in Financial Health by Marti Philp
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More

Canadian Debt, Canadian Households, Household Debt, Interest Rates, NonMortgage Debt

Low interest rates are the market's lifeline during tougher times

9/25/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Employment figures had a major influence on the market's dynamics. ... More

Canadian Housing Market, Interest Rates, Mortgage Consumers

More Fed cuts expected to push Canadian interest rates lower

9/19/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Canadian Mortgage Market, Home Buyers, Interest Rates, Mortgage Consumers, Mortgage Rates Canada, Mortgage Trends, Mortgages & Real Estate

Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Marti Philp
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canadian Debt, Economic Growth, Interest Rates, Mortgage Consumers, Variable Rate Mortgages

The bank offering the world's first negative mortgage rate

8/18/2019 | Posted in Interest Rates by Marti Philp
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Negative mortgage interest rates offered in Denmark. How is it possible? ... More

Interest Rates, World Real Estate Markets

Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Marti Philp
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

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

Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Marti Philp
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Home Buyers, Interest Rates, Mortgage Rates Canada

Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Marti Philp
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More

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

Bank of Canada maintains overnight rate target at 1.75 per cent

5/29/2019 | Posted in Interest Rates by Marti Philp
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The Bank of Canada today maintained its target for the overnight rate. ... More

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

Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Marti Philp
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

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

Delinquency rates hold steady even as credit market grows

5/23/2019 | Posted in Financial Health by Marti Philp
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Canadian Credit Market, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Delinquency, NonMortgage Debt

Poloz expects rates to rise 'a bit' but unsure on timing

5/21/2019 | Posted in Interest Rates by Marti Philp
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More

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

Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis

5/14/2019 | Posted in Financial Health by Marti Philp
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Bankruptcy, Canada, Household Debt, Insolvency, Interest Rates, NonMortgage Debt, Office of the Superintendent of Financial Institutions

Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Marti Philp
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Fixed Rate Mortgages, Home Buyers, Interest Rates, Mortgage Consumers, Mortgage Market, Mortgage Rates, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate

Latest stats make interest rate hikes highly unlikely in 2019

5/1/2019 | Posted in Interest Rates by Marti Philp
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The latest reading of Canada’s economy brings both good and bad news for the housing market. ... More

Canada GDP, Economic Growth, Household Debt, Interest Rates, Mortgages & Real Estate, Statistics Canada

Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Marti Philp
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Canadians now owe an average of $1.79 for every dollar of disposable income. ... More

Bank of Canada, Bankruptcy, Canada, Canadian Banks, Household Debt, Insolvency, Interest Rates, NonMortgage Debt

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

4/24/2019 | Posted in Interest Rates by Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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 Marti Philp
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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

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