The final Bank of Canada announcement for 2023 has arrived. For the fifth time this year, the Bank of Canada has opted to maintain its overnight rate at 5%. Will this trend continue into 2024 and beyond until inflation is closer to their target of 2%? Many are making this prediction, however, only time and […]
Edmonton Mortgage News
November 2023 is now officially in the history books. Our long-standing alignment and membership with Mortgage Professionals Canada provides us with key market findings and analytics to help support Canada’s homeowners. We trust that this comprehensive, coast-to-coast analysis of current housing and mortgage trends will be a beneficial in understanding the key factors shaping the […]
Just six days away from Halloween, today the Bank of Canada has announced it is maintaining the current policy rate at five percent and will hold off on further interest rate increases – for now. While this might seem like a welcomed treat for many Canadians, it’s crucial for homeowners to understand the full implications […]
Fall 2023 is here and the much anticipated announcement from the Bank of Canada has been released since their last update nearly two months ago. Today the Bank of Canada announced it’s decision to pause on raising the overnight rate, keeping it at five percent. But that does not mean it’s game over on the […]
Defying anticipation, the Canadian headline inflation accelerated at an annual pace of 4.4% in April, besting predictions of a 4.1% figure. As this news only came to light after the last Bank of Canada announcement (which occured on April 12, 2023), we explore their recent response on today’s June 7th press release from Ottawa, Ontario.