The Bank of Canada raised its key interest rate today by a quarter of a per cent. BoC increased the rate to 1.25% from 1.00%. This is the third key interest rate increase in under a year. It’s also the BoC’s third increase since the record low key rate last summer, which long sat at 0.5%. As predicted the BoC made the increase in light of a growing and healthy Canadian economy.
Canadian real estate ended 2017 strong as buyers rushed to beat the New Year’s coming mortgage rules. New mortgage rules were announced in the fourth quarter of 2017 in October.
The Bank of Canada (BoC) will likely raise interest rates next Wednesday. This would be BoC’s third interest rate hike in less than a year.
WARNING: Regulators are indicating the new Mortgage regulations are to be announced by the end of October and be in full force by January 2018. Currently, this rule is in place for High Ratio Mortgages (Less than 20% Downpayment).
Bank of Canada says weak housing could hit economy KINGSTON, Ontario (Reuters) - If the Canadian housing market were to weaken suddenly it could have a "sizable spillover" effect on other parts of the economy, a senior Bank of Canada official...
The year has started off with a jolt, with some unexpected numbers coming in from Statistics Canada for November 2010 for building starts. Contrary to the gain of 1.5% that analysts predicted, Stats Can reports that building permits fell down 11.
2010 ended well in terms of residential sales in Montréal, according to new figures released from Greater Montréal Real Estate Board. In fact, 2010 was the second best year on record for sales.
Canadians More Optimistic About The Economy,The Canadian Consumer Confidence Index . It seems that Canadians, for the most part, are feeling much better about the economy these days.
Almost half of first-time homeowners in Canada say it’s now a buyers market, pointing to a pick up in activity in coming months, according to an online survey conducted by RBC.
