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The Bank of Canada (BoC) left its overnight rate unchanged last week. The US and Canadian yield curves have risen slightly for most maturities. **The above chart reflects rates as of 9:30AM Eastern, 2024-03-13.**   THE IMPACT ON MORTGAGE RATES: Shorter term mortgage rates will be remain higher than long term rates as a result […]

https://financialpost.com/news/homebuyers-wait-bank-of-canada-rate-cut

“A dollar don’t buy what it used to.”  And even a million of them is still not enough according to some Canadian house hunters. Royal LePage is out with its latest Million Dollar Properties Report.  It suggests more than 20% of Canadians feel that $1 million is not enough to buy a home that meets […]

https://www.cp24.com/news/homebuilders-group-pushing-for-30-year-mortgages-to-boost-construction-in-canada-1.6761600?utm_campaign=Daily+News&utm_medium=email&_hsmi=293468615&_hsenc=p2ANqtz-9xm0RQzc9HB8PPoqUneVuhpU_HLHTvzQzpfP8Hm4xBg6M1RQPuhvVhSgY8WHLtamfePO_Mw7TqMKUGnYiCJ5MFS-Y_Zw&utm_content=293468615&utm_source=hs_email&__vfz=medium%3Dsharebar

“Bank of Canada Holds Rates Steady and Forecasts a Soft Landing” from @DLCCanadaInc Chief Economist @DrSherryCooper https://dominionlending.ca/economic-insights/bank-of-canada-holds-rates-steady-and-forecasts-a-soft-landing

Residential Mortgage Commentary – Post-holiday update Jan 8, 2024 First National Financial LP We are back from a brief holiday hiatus and there are a few things to update. Home sales and prices both continued downward according to the Canadian Real Estate Association.  Sales dipped 0.9% compared to October and year-over-year figures showed the same […]

“Q3 GDP Weaker Than Expected Paving The Way For Future Rate Cuts” from @DLCCanadaInc Chief Economist @DrSherryCooper https://dominionlending.ca/economic-insights/q3-gdp-weaker-than-expected-paving-the-way-for-future-rate-cuts