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Mortgage market in Canada more sensitive to higher rates: BoC

Mortgage market in Canada more sensitive to higher rates: BoC

When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage markets are more rate sensitive compared to other countries.  When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage …

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Sharp drop in inflation suggests interest rates have peaked: ING

Sharp drop in inflation suggests interest rates have peaked: ING

For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting.  For the second straight month, Canada’s headline inflation rate surprised to the downside, all but guaranteeing another Bank of Canada rate pause at its April 6 meeting.  Mortgage Rates …

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National average home price rises $50k in February

National average home price rises $50k in February

On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000.  On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000.  Mortgage Rates & Mortgage Broker News in Canada 

Mortgage debt taking up a record share of income

Mortgage debt taking up a record share of income

Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national balance sheet and financial flow accounts. The data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt, up from 7.5% in the previous quarter …

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Bank of Canada not ruling out additional rate hikes just yet

Bank of Canada not ruling out additional rate hikes just yet

The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”  The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”  Mortgage Rates & Mortgage …

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