4/11/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

3/16/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action
... More
3/11/2021 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023.
... More
3/8/2021 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

3/1/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market.
... More
2/28/2021 | Posted in Toronto Real Estate by Eileen Farrow
SHARE
Demand for expensive homes in Toronto real estate is the result of the pandemic's economic impact
... More
2/23/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Canadian home buyers may be looking at higher mortgage rates sooner than expected.
... More
2/2/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Lenders "have never seen as many as they have now".
... More
1/20/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.
... More
1/13/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
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

1/5/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.
... More
12/30/2020 | Posted in First Time Home Buyers by Eileen Farrow
SHARE
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

12/9/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.
... More
11/30/2020 | Posted in Financial Health by Eileen Farrow
SHARE
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

11/24/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.
... More
11/23/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
Several mortgage brokers are warning of a spike in rates once bond yields recover.
... More
11/10/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.
... More
10/13/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.
... More
10/1/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
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

9/10/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
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

8/18/2020 | Posted in Canadian Economy and Housing Market by Eileen Farrow
SHARE
The rate of residential investment to Canadian GDP has also swelled dramatically
... More
7/15/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.
... More
6/30/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
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

6/23/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.
... More
6/3/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
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

6/1/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
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.
... More
4/5/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
Bond yields and central bank rates have never been lower, but not all the savings are filtering down.
... More
3/31/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
SHARE
Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.
... More
3/5/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.
... More
3/2/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
SHARE
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


Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.