economic outlook

Market participants still expect the first Bank of Canada rate cut in April

February 5, 2024 No Comments

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

September 20, 2023 No Comments

In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.

Bank of Canada offers a reprieve for mortgage borrowers, but leaves door open to more hikes

September 6, 2023 No Comments

The Bank of Canada opted to leave interest rates unchanged today but maintained its hawkish bias, confirming it won’t hesitate to hike rates further if inflation doesn’t continue to trend downward.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

The latest in mortgage news: Fixed rates continued to climb this week

June 30, 2023 No Comments

While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks.

The latest in mortgage news: Half of borrowers concerned about mortgage renewals

April 4, 2023 1 Comment

Nearly half (47%) of Canadians buying or renewing a mortgage say they are concerned about qualifying for the amount they need.

Bank of Canada rate decision January 2023

Bank of Canada delivers long-awaited rate pause. Will it last?

March 8, 2023 No Comments

As expected, the Bank of Canada delivered its first rate pause in a year following eight consecutive rate hikes.

Couple worried about hitting trigger rate

Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank

February 2, 2023 No Comments

Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.

The latest in mortgage news: Government unveils details of its foreign buyer ban

December 23, 2022 1 Comment

The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.