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MORTGAGE RATE FORECAST......BCREA


As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.


https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/


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Bank of Canada Promises Caution in Interest Rate Hikes

Holding the overnight interest rate steady in its October 25 announcement, the Bank of Canada warned that future rate hikes would be likely, although at a more tentative pace than previously anticipated.

Following two interest rate hikes in July and September at consecutive policy meetings, the central bank said it had decided to hold off with another rate hike – for now. This corresponds with the BC Real Estate Association’s prediction in September that interest rates won’t rise again until 2018.

http://www.rew.ca/news/bank-of-canada-promises-caution-in-interest-rate-hikes-1.23074532?utm_source=Consumer%3A+Vancouver+Market+News&utm_campaign=beef2b4ec5-REW_Consumer_News_Friday_October_10_27_2017&utm_medium=email&utm_term=0_8e94885b84-beef2b4ec5-93614499

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