Useful Information From Kamloops Mortgage Brokers

BCREA Mortgage Rate Forecast for December 2024

Kirsten Mason — Tue, 24 Dec 2024 18:07:35 +0000

The BC Real Estate Association published its recent Mortgage Rate Forecast for December 2024. Some of the key points are included below. Highlights:* Bond markets searching for clarity on the outlook for growth and inflation as tariffs loom.* Tariffs on Canadian imports to the US could mean a loss of 1 to 5.5 per cent of real GDP.* The Bank [...]

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BCREA Mortgage Rate Forecast for June 2024

Kirsten Mason — Tue, 25 Jun 2024 17:54:28 +0000

To view the full interactive BCREA Housing Forecast, click here.Download the full report (PDF) Highlights: Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here. If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page. To search for Kamloops real estate and homes for sale click [...]

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BCREA Mortgage Rate Forecast March 2024

Kirsten Mason — Wed, 27 Mar 2024 16:51:10 +0000

BCREA has released it’s latest Mortgage Rate Forecast for March for 2024. They outline the main highlights as:– Canadian mortgage rates down sharply to start 2024.– The Canadian economy – no recession yet, but growth is very slow.– Waiting for the Bank of Canada to cut. Click Here to download the full document. The report is summarized below. Mortgage Rates [...]

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BCREA Mortgage Rate Forecast for December 2023

Kirsten Mason — Fri, 15 Dec 2023 18:24:51 +0000

Highlights:– Benchmark five-year bond yields tumbling, fixed mortgage rates to follow.– The Canadian economy slowed sharply in the third quarter.– The Bank of Canada is set to cut in 2024, but how much and how fast? To view the December 2023 Mortgage Rate Forecast PDF, click here. Mortgage Rate Outlook After hitting a 15-year high in late fall, long-term Canadian bond [...]

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BCREA Mortgage Rate Forecast for September 2023

Kirsten Mason — Fri, 22 Sep 2023 16:22:20 +0000

Highlights: BCREA has released the latest mortgage rate forecast. The Bank of Canada raised the rates both in June and July due to a more brisk real estate market and inflation being hotter than expected in the spring. This has created a shift in expectations where it was thought that we may see rates come down in 2024 or 2025. [...]

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BCREA: Mortgage Rate Forecast for March 2023

Kirsten Mason — Thu, 30 Mar 2023 16:36:42 +0000

BCREA released it’s latest Mortgage Rate Forecast for 2023. To view the March 2023 Mortgage Rate Forecast PDF, click here. Highlights: Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here. If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page. To search for Kamloops [...]

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BCREA Mortgage Rate Outlook

Kirsten Mason — Sun, 04 Oct 2020 17:31:33 +0000

BCREA released it’s latest mortgage rate outlook. Read below and link to full report is included below. The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. The Bank swiftly brought its overnight rate to its effective lower bound [...]

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Bank of Canada Interest Rate Cut Expectations Tick Higher, Business News Network

Kirsten Mason — Thu, 14 Jan 2016 21:22:27 +0000

This article appeared on the Business News Network on January 14th, 2016 and was written by Fergal Smith of Reuters. Bank of Canada interest rate cut speculation intensified on Tuesday as crude oil prices and the Canadian dollar both weakened to 12-year lows, with traders pricing in a full 25-basis-point easing by mid year. The Canadian central bank cut rates [...]

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CMHC Mortgage Holders Spend 26% of Income on Housing Loan Defaults at Low 0.34%, Showing Strong Ability to Manage Debts

Kirsten Mason — Sun, 31 May 2015 17:16:24 +0000

This article appeared on CBC.ca on the 29th of May 2015. Canadians are showing a strong ability to manage their debts even as housing prices rise, with arrears on CMHC mortgages at a low 0.34 per cent for the first quarter of this year, according to new figures from the federal housing agency. That means there were 9,572 Canada Mortgage [...]

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CMHC to Limit Mortgage Insurance Product Offerings Effective May 30; CMHC Will Stop Offering Mortgage Insurance on Second Homes

Kirsten Mason — Sun, 27 Apr 2014 16:53:56 +0000

This article appeared on CBC.ca on April 26th, 2014. CMHC to limit mortgage insurance product offerings Effective May 30, CMHC will stop offering mortgage insurance on second homes Canada Mortgage and Housing Corporation will no longer offer mortgage insurance on second homes, the crown corporation said on Friday. It will also discontinue selling mortgage insurance to self-employed people without third-party [...]

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