February 2023

Fixed mortgage rates back on the rise

Fixed mortgage rates back on the rise

Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields.  Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields.  Mortgage Rates & Mortgage Broker News in Canada 

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.  Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest …

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A dive into the latest inflation results…too soon to celebrate?

A dive into the latest inflation results…too soon to celebrate?

On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food prices and mortgage interest costs are continuing to take a bite out of household finances.  On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food …

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Canadian home sales January totals at lowest since 2009: CREA

Canadian home sales January totals at lowest since 2009: CREA

According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.  According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.  Mortgage Rates & Mortgage Broker News in Canada 

National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023.

National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023.

National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.  National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.  Mortgage Rates & Mortgage …

National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023. Read More »

The big question on mortgage borrowers’ minds: fixed or variable?

The big question on mortgage borrowers’ minds: fixed or variable?

With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?  With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go …

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