12/7/2018 | Posted in Ontario Real Estate by Tuscany Hills Realty Services
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Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm. ... More

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  12/6/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

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  12/4/2018 | Posted in Canadian Economy and Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More

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  11/30/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council. ... More

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  11/6/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

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  10/31/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

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  10/24/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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CIBC, TD, Royal Bank and BMO all hike their prime rates too ... More

Real Estate & Mortgage News

  10/5/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC. ... More

Real Estate & Mortgage News

  10/2/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

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  9/24/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The world's biggest central bank is expected to raise rates this week - and then keep raising them ... More

Real Estate & Mortgage News

  8/27/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks. ... More

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  8/20/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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With an economy beating expectations and a range of indicators pointing to limited excess capacity, maintaining stable inflation is likely to require further rate hikes by the ... More

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  7/12/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. ... More

Real Estate & Mortgage News

  5/30/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

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  5/28/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

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  5/9/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Bank of Canada will probably raise rates twice this year, likely in the summer and in fall according to Dominion Lending Centres chief economist Sherry Cooper. ... More

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  4/17/2018 | Posted in Financial Health by Tuscany Hills Realty Services
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Upward trend in rates would negatively impact Canadians' ability to service their debts. ... More

Real Estate & Mortgage News

  3/23/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Mortgage Consumers Brace Yourselves - Chances of a hike in May rose to 82% after the data came out today. ... More

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  1/25/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver ... More

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More

Real Estate & Mortgage News

  1/17/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada pushed forward with another quarter-point interest rate increase and said more hikes are likely coming, even as it cautioned it isn't in any rush to return ... More

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  1/15/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More

Real Estate & Mortgage News

  12/15/2017 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada is increasingly confident the economy will need less stimulus over time, Governor Stephen Poloz said on Thursday in an end-of-year speech that boosted the ... More

Real Estate & Mortgage News

  12/6/2017 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way. ... More

Real Estate & Mortgage News

  10/25/2017 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

Real Estate & Mortgage News

  9/28/2017 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Bank of Canada Governor Stephen Poloz could pause monetary tightening this year over concerns about the impact of higher interest rates for consumers holding record debts, ... More

Real Estate & Mortgage News

  9/12/2017 | Posted in Mortgage News by Tuscany Hills Realty Services
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The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More

Real Estate & Mortgage News