Canadian Mortgage Rates Forecast To Rise Over 40%, Posted Rate Can Hit 7%: Desjardins Canadian inflation is marching higher, and so are the expectations for mortgage rates. Desjardins economics sees the 5-year posted rate having more room to rise than fall in the future. The institution has forecast the posted 5-year fixed-rate mortgage can rise up to [&hellip…
The latest Bank of Canada announcement on its key overnight rate was viewed by many as signalling bad news for variable rate mortgages. While restating its commitment to keeping the rate at the lower bound of 0.25%, the Bank revised its inflation target, forecasting that it would be sustainable by the second half of 2022 [&hellip…
Rates are climbing for the first time in over a year, but bargains are still out there Author of the article:MoneyWiseJoseph Czikk Publishing date:Mar 16, 2021 Homebuyers and homeowners rushed to join the party when the COVID-19 crisis produced some of the cheapest mortgages Canadians had ever seen.Kia reveals its all-new EV6 electric crossover’s Dirt-cheap [&hellip…
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