September 2023

Canada’s economy now “struggling” under the weight of high interest rates

Canada’s economy now “struggling” under the weight of high interest rates

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.  Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.  Mortgage Rates & Mortgage Broker News in Canada 

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Home appraisals: Buyers bear the cost, but who owns the report?

Home appraisals: Buyers bear the cost, but who owns the report?

Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.  Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.  Mortgage Rates & Mortgage Broker News in Canada 

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Fixed mortgage rates expected to surge as bond yields reach 16-year high

Fixed mortgage rates expected to surge as bond yields reach 16-year high

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.  Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.  Mortgage Rates & Mortgage Broker News in Canada 

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Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are working to slow the economy.  When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are

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