10/23/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ... More

Real Estate & Mortgage News

  10/7/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More

Real Estate & Mortgage News

  10/1/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53% ... More

Real Estate & Mortgage News

  9/12/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession. ... More

Real Estate & Mortgage News

  9/4/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More

Real Estate & Mortgage News

  8/20/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More

Real Estate & Mortgage News

  8/8/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months. ... More

Real Estate & Mortgage News

  8/3/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More

Real Estate & Mortgage News

  7/26/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More

Real Estate & Mortgage News

  7/24/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More

Real Estate & Mortgage News

  7/16/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June. ... More

Real Estate & Mortgage News

  6/23/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More

Real Estate & Mortgage News

  6/5/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More

Real Estate & Mortgage News

  5/30/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Real Estate & Mortgage News

  5/21/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

Real Estate & Mortgage News

  5/2/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More

Real Estate & Mortgage News

  4/30/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More

Real Estate & Mortgage News

  4/10/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

Real Estate & Mortgage News

  4/8/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ... More

Real Estate & Mortgage News

  4/3/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

Real Estate & Mortgage News

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Economists widely expect central bank to start cutting rates in June ... More

Real Estate & Mortgage News

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

'I hope they're not tepid,' says expert about BoC's upcoming decisions ... More

Real Estate & Mortgage News

  3/9/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More

Real Estate & Mortgage News

  3/4/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts ... More

Real Estate & Mortgage News

  2/20/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More

Real Estate & Mortgage News

  2/9/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

Real Estate & Mortgage News

  2/5/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More

Real Estate & Mortgage News

  1/31/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Real Estate & Mortgage News

  1/24/2024 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Real Estate & Mortgage News

  12/15/2023 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
  SHARE

The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

Real Estate & Mortgage News
Ask Bashar Mahfooth

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.