The Bank of Canada announced a 25 basis point rate cut to the overnight rate on June 5th, 2024. This decision has raised questions about its impact on interest rates. It's important to understand that the fixed rate mortgage market and the variable rate mortgage market are influenced differently. Fixed rates are driven by bond yields, while variable rates are directly linked to the overnight rate. Fixed Mortgage Rates The recent 25 basis point rate cut by the Bank of Canada has a limited direct effect on fixed mortgage rates because: - Fixed mortgage rates are primarily influenced by long-term bond yields, which…

Original Article Source Credits: CTV News, https://www.ctvnews.ca

Article Written By: Patricia Lovett-Reid

Original Article Posted on: March 30, 2021

Link to Original Article: https://www.ctvnews.ca/business/pattie-lovett-reid-from-first-time-buyers-to-luxury-homes-canada-s-real-estate-market-is-on-fire-1.5366979

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Original Article Posted on: MARCH 30, 2021

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Original Article Posted on: 07 Apr 2021

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Original Article Posted on:  MAR 22, 2021

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

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Original Article Posted on:  December 4, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/first-time-home-buyer-incentive-to-become-more-useful-in-select-markets/

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Original Article Posted on:  DECEMBER 23, 2020

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Original Article Posted on:   Dec 01, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/bank-earnings-expired-mortgages-1.5819509

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

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Original Article Posted on:  September 14, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/big-banks-still-dominate-mortgage-market-share-says-cmhc/

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Original Article Posted on:  September 10, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/surge-in-outstanding-residential-mortgage-credit-cmhc-sees-risk-of-delinquencies-jumping-165503550.html

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Original Article Posted on:  September 10, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/bank-of-canada-reaffirms-its-low-rate-outlook/

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Original Article Posted on: August 10, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/08/covid-19-stokes-canadian-homebuying-intentions-mpc-report/ 

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Original Article Posted on: August 13, 2020

Link to Original Article:  https://globalnews.ca/news/7272563/bank-of-canada-cuts-benchmark-mortgage-rate/

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Original Article Posted on: Jul 30, 2020 

Link to Original Article:  https://financialpost.com/moneywise/is-the-first-time-home-buyer-incentive-fthbi-worth-it

Original Article Source Credits:  CANADIAN MORTGAGE TRENDS, https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 30, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/

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Article Written By : Pete Evans

Original Article Posted on : Jul 15, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/crea-housing-june-1.5650196

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Article Written By : Steve Huebl

Original Article Posted on : July 16, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/07/bank-of-canada-hints-at-no-interest-rate-hikes-until-2023/

Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/

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Original Article Posted on : June 26, 2020

Link to Original Article:  https://torontostoreys.com/cmhc-mortgage-application-changes-no-effect/

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Original Article Posted on : 2019-09-09

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html

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Original Article Posted on : May 16, 2020

Link to Original Article:  https://globalnews.ca/news/6943727/coronavirus-housing-market-good-time-to-buy/