1/20/2021 | Posted in Mortgages and Real Estate by Becky Lu-Do
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.

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  1/13/2021 | Posted in Mortgage Interest Rates by Becky Lu-Do
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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

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  1/5/2021 | Posted in Mortgages and Real Estate by Becky Lu-Do
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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 Becky Lu-Do
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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

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  12/9/2020 | Posted in Mortgage Interest Rates by Becky Lu-Do
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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 Becky Lu-Do
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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

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  11/24/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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

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  9/10/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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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

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  8/18/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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

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  6/23/2020 | Posted in Mortgage Interest Rates by Becky Lu-Do
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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 Becky Lu-Do
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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

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  6/1/2020 | Posted in Canadian Economy and Interest Rates by Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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

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  1/29/2020 | Posted in Mortgage Interest Rates by Becky Lu-Do
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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 Becky Lu-Do
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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 Becky Lu-Do
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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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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Becky Lu-Do
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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

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  11/29/2019 | Posted in Mortgage Interest Rates by Becky Lu-Do
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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 Becky Lu-Do
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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

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  9/19/2019 | Posted in Mortgages and Real Estate by Becky Lu-Do
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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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