Highlights: Wild year for interest rates Canadian economy: slow and steady Why is the Bank of Canada holding back? Mortgage Rate Outlook As the year ends, it’s worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve ...
Continue ReadingHIGHLIGHTS Stress test limiting impact of falling mortgage rates Canadian economy: Strong second quarter, but will it last? Bank of Canada on hold for now Canadian mortgage rates continued to decline in the third quarter as rising trade tensions between the United States and China fed growing fears of a ...
Continue ReadingBCREA 2019 Third Quarter Housing Forecast Update Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 5 percent to about 75,000 units this year, after recording 78,505 residential sales in 2018. MLS® residential sales are forecast to increase 11 percent to 82,700 units in 2020, just ...
Continue ReadingThe Bank of Canada left its target for the overnight rate unchanged at 1.75 percent this morning. In the statement accompanying the decision the Bank noted that although ongoing global trade tensions are having a negative effect on the global economy, economic growth in Canada is improving. A decline in ...
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