Mortgage Rates & Mortgage Broker News in Canada |
| Bank of Canada Preview: Rate Hike Expectations Growing Posted: 25 Oct 2021 10:13 PM PDT With inflation well above the Bank of Canada’s target level and ongoing supply chain issues, expectations of earlier-than-expected interest rate hikes in 2022 are growing. For much of the past year, the Bank of Canada had assured markets that interest rate hikes were off the table for at least the next year or longer. In January, the BoC had said, “We remain committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so […]  |
| Parents to the Rescue: Average Size of Gifted Down Payments Rises to $82,000 Posted: 25 Oct 2021 07:35 PM PDT As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids.  |
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