Posts Tagged ‘Toronto Mortgage Rates’

Bank of Canada Slashes Growth Prediction

Share Canada’s economic growth will decelerate sharply in the second quarter of the year, according to a new report by the Bank of Canada. The country’s central bank said it now expects Canada’s gross domestic product (GDP) to expand in the April-to-June period — but by less than half of the 4.2 per cent it [...]

Rising Bond Yields Pressuring Fixed Rates

Share The 5-year government yield (which leads 5-year fixed mortgage rates) pierced 2.80% today. It’s risen almost 35 basis points in two weeks. That’s squeezed gross lender margins on deeply-discounted five-year rates to near 1.00% (1.20% can be considered “normal”).  As a result, ultra-low fixed rates are in danger of ticking 10+ basis points higher, [...]

Rate Predictions

Share Mortgage shoppers crave certainty, so they continually question brokers or bankers about where interest rates are headed. If this is something you’re prone to doing, first ask yourself if your broker or banker can predict the next global catastrophe, war, financial crisis, or sovereign insolvency. If not, you may want to rethink your question. [...]

Lower Posted Rates – More Than Meets The Eye

Share Last November the banks decided not to raise their 5-year posted mortgage rates, despite raising their discounted rates. Their stated reasoning was to bring posted rates more in line with discounted rates. In that way, their posted rates would appear more competitive. As we wrote before, however, the decision had far greater implications than that. [...]