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Future of Canadian Interest Rate

Future of Canadian Interest Rate

The Bank of Canada’s decision to hold interest rates at 1.75% was not unexpected; neither is its tone on the road ahead. Governor Stephen Poloz reiterated the central bank’s position that rates will need to rise to a more neutral range to keep inflation in check, but with some economic concerns remaining it seems likely that this will […]

Cautious buyers will push Toronto rents up 11% in 2019

Cautious buyers will push Toronto rents up 11% in 2019

Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules. Average rents nationally will rise 6% but in Toronto they could be almost double that at 11% with Ottawa (9%) and Vancouver (7%) also set for large increases. The figures are […]

Just one interest rate rise in 2019 most likely says BCREA

Just one interest rate rise in 2019 most likely says BCREA

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 interest rate environment. Since then several things have changed. Despite some positive economic data and employment stats, issues such as the discounting of Canadian oil, slowing housing […]

Why Canada’s big banks aren’t too worried about household debt

Why Canada’s big banks aren’t too worried about household debt

Canada sets interest rates Wednesday, and there’s widespread concern about what any further borrowing-cost increases might mean for consumers, their immense pile of debt and the housing market. It’s one of the reasons to be bearish on Canada. Steve Eisman, who was featured in Michael Lewis’s book “The Big Short,” told Bloomberg TV this month […]