1/13/2021 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

1/5/2021 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.
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12/30/2020 | Posted in First Time Home Buyers by Amolak Dhindsa
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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time ... More

12/9/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.
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11/30/2020 | Posted in Financial Health by Amolak Dhindsa
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The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

11/24/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.
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11/23/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Several mortgage brokers are warning of a spike in rates once bond yields recover.
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11/10/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.
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10/13/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.
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10/1/2020 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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A growing number of industries are now moving closer to their pre-pandemic output levels, as Canada’s gross domestic product increased by 3% monthly in July, according to ... More

9/10/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

8/18/2020 | Posted in Canadian Economy and Housing Market by Amolak Dhindsa
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The rate of residential investment to Canadian GDP has also swelled dramatically
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7/15/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.
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6/30/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available ... More

6/23/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.
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6/3/2020 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

6/1/2020 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.
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4/5/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.
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3/31/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.
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3/5/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.
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3/2/2020 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

1/29/2020 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down
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1/22/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.
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1/17/2020 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.
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12/31/2019 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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TD economists says the cost of servicing debts should ease early in 2020
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12/5/2019 | Posted in Canadian Economy and Interest Rates by Amolak Dhindsa
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

11/29/2019 | Posted in Mortgage Interest Rates by Amolak Dhindsa
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.
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10/10/2019 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More

9/19/2019 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.
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9/6/2019 | Posted in Mortgages and Real Estate by Amolak Dhindsa
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.
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