Almost all mortgage holders 'in good standing'
Posted on Aug 25, 2024
The countdown is on for the next Bank of Canada interest-rate announcement after Labour Day. For homeowners, it’s most important for first-time buyers trying to get into the market…and trying to qualify for a mortgage.
However, it may also apply to existing mortgages that are coming up for renewal because, as it stands now, the homeowners holding th...
Canada, the U.S. and falling interest rates
Posted on Aug 16, 2024
Greater interest rate sensitivity in Canada means that economic growth this year is likely to once again underperform relative to the U.S. We have pencilled in real GDP growth of 1.2% for Canada and 2.6% for the U.S. Below-trend growth in Canada should make the BoC confident that it has inflation under control. The Fed, however, does not have this...