Bank of Canada expects interest rates could be at record lows until 2023 Thе Bаnk of Cаnаdа оn Wеdnеѕdау ѕаіd іt еxресtѕ interest rates to rеmаіn at сurrеnt rесоrd lоwѕ untіl 2023, аnd that a second wаvе оf соrоnаvіruѕ іnfесtіоnѕ wоuld hаvе a рrоnоunсеd impact оn near-term economic growth. The сеntrаl bаnk hеld іtѕ key оvеrnіght rate аt 0.25 реr […]
Lower interest rates
In Toronto From Renting To Owning A Condo Is Becoming Harder
In Toronto From Renting To Owning A Condo Is Becoming Harder In Toronto From Renting To Owning A Condo Is Becoming 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 […]
Bank of Canada poised to follow Fed with rate cuts later this year, traders speculate
Bank of Canada poised to follow Fed with rate cuts later this year, traders speculate 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 […]
Canadian mortgage rates goes down to their lowest level in 2 years
Canadian mortgage rates goes down to their 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 […]