Housing and interest rate forecasts for 2025 - Mortgage Rates ...
Dec 30, 2024 · As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two …
Canada’s Secondary Suite Loan Program expands to $80,000 loans …
Dec 10, 2024 · The federal government today announced a doubling of its Secondary Suite Loan Program, which was originally unveiled in the April 2024 budget.
Pros and cons of the new federal secondary suite programs
Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% …
Two big banks predict 225 bps worth of BoC rate cuts over the …
Oct 21, 2024 · As we appraoach what’s expected to be the Bank of Canada's fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far …
Housing market poised for 2025 comeback as lower rates unleash …
Dec 31, 2024 · As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as …
What the Bank of Canada’s 50-bps rate cut means for borrowers
Oct 23, 2024 · With the Bank of Canada announcing yet another interest rate cut—a half-point reduction this morning—its key policy rate has now fallen to a two-year low of 3.75%. This is …
Trump’s win is already driving mortgage rate hikes in Canada
Nov 6, 2024 · For Canadian mortgage holders and homebuyers, the ripple effects were immediate, with some lenders already nudging rates higher. But what does Trump’s win really …
Canada’s prime rate: Latest updates, trends and historical data
5 days ago · The prime rate is the interest rate that commercial banks charge their most creditworthy clients—typically large corporations. In Canada, the prime rate is closely tied to …
Why three big banks raised fixed mortgage rates despite falling …
Dec 2, 2024 · Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why.
Bank of Canada cuts rates another 50 bps, bringing more relief to …
Dec 11, 2024 · The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to 3.25%. This marks the fifth consecutive rate cut this year.