Bank of Canada predicts interest rates may remain at record lows until 2023 The Bank of Canada on Wеdnеѕdау ѕаіd it еxресtѕ interest rates tо rеmаіn аt current record lоwѕ until 2023, and thаt а ѕесоnd wave of coronavirus іnfесtіоnѕ wоuld have a рrоnоunсеd іmрасt оn nеаr-tеrm есоnоmіс grоwth. Thе central bank held іtѕ kеу оvеrnіght rаtе аt 0.25 реr […]
lower interest rates
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder Runaway price growth for single-family homes is a thing of the past in Toronto and Vancouver today, thanks to rising interest rates and tougher mortgage rules. But with prices still high, buyers have turned to other options. Or […]
Bank of Canada may follow Fed with rate cuts later this year, traders bet
Bank of Canada may follow Fed with rate cuts later this year, traders bet The Bank of Canada is likely to join the U.S. Federal Reserve with an interest rate cut this year to deal with the fallout from rising trade tensions, according to trading in the swaps market. Investors are […]
Canadian mortgage rates decreases to the lowest level in 2 years
Canadian mortgage rates decreases to the lowest level in 2 years House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business. Rates on a standard […]
Toronto house prices dip in May, 2017 but tight supply keeps prices up
Toronto region home prices dipped slightly from April to May — down $55,604 on average — but were still 15 per cent higher than May 2016, as the supply of resale house and condo listings rose 43 per cent of the same time over year. The average house price last month was $863,910 — […]
