Will more interest rate cuts save Canada’s economy?

As global recession concerns mount, Canada is likely to see at least two more interest rate cuts this year, economists say, in response to persistent economic headwinds driven largely by ongoing trade tensions between the United States and China. In a recent Reuters poll conducted from April 7 to 11,… Read More

Awaiting further rate cuts before refinancing your mortgage? Better to act now

Toronto Star ~ April 11th, 2025 Rates like 3.99 per cent have mortgagors increasingly jumping at refinancing opportunities to trim their payments or tap into home equity. All the recent rate cut speculation is only turbocharging this enthusiasm. In fact, refinances seem to comprise a fast growing share of mortgages. […]

Falling fixed mortgage rates could be booster juice for buyers

Financial Post ~ February 6th, 2025 Robert McLister: Falling rates will entice more potential homebuyers to trade window shopping for the real deal — actual buying Other things equal, more bond buying leads to lower bond yields, which usually means lower fixed mortgage rates. And that’s exactly what we’re seeing. […]

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

Canadian Mortgage Trends ~ January 13th, 2025 Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew. Around 60% of outstanding mortgages are set to renew by the end of 2026, and about 60% of those […]

Mortgage outlook 2025: Canadians can expect lower rates, deals next year

Yahoo Finance ~ December 24th, 2024 With inflation back to the Bank of Canada’s two per cent target and rate cuts expected to continue through next year, Canadians should anticipate lower mortgage rates and better deals going into 2025, experts say. Canadians have been facing higher interest rates over the […]