12/17/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

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  12/14/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... 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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  12/5/2018 | Posted in Canadian Economy and Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada is leaving its key interest rate unchanged. ... 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 Home Buyers by Tuscany Hills Realty Services
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CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ... 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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  11/2/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... 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

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  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

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  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

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  9/5/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next ... More

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  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

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  7/11/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More

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  6/25/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Economists still expect BoC rate rise but the numbers need to stack up. ... More

Real Estate & Mortgage News

  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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  5/16/2018 | Posted in Home Buyers by Tuscany Hills Realty Services
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... 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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  4/18/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth. ... 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

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  4/15/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The Bank of Canada is likely to raise interest rates twice more this year as the economy regains momentum in the current quarter but will hold them steady at its April 18 meeting, ... More

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  3/7/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per ... 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

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  1/8/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Expectations of a tightening labour market in 2018 is helping fuel speculation that the Bank of Canada will raise its ... More

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