Posts by preliveadmin
Bank of Canada interest rate forecast report
Finder BoC report: Canada’s largest overnight rate report Key findings Meet the panel: Expert forecasts ahead of the March 2 decision The March 2 decision After two years of the Bank of Canada keeping the overnight rate at the effective lower bound, nearly all panellists surveyed (17 of 19) for the Finder Overnight Rate Report…
Read MoreCo-ownership: A new approach to homeownership
Lesli Gaynor, sales representative at Forest Hill Downtown, and owner of GoCo Solutions, an advisory and facilitator of home co-ownership, joins BNN Bloomberg to talk about why co-ownership may be an alternative for prospective homebuyers and what still needs to be done to make it a more attractive approach. Source: https://www.bnnbloomberg.ca/
Read MoreMortgage industry urges Ottawa to tackle housing affordability, takes aim at homebuyer incentive
Mortgage Professionals Canada recommendations include letting first-time homebuyers get mortgage terms of up to 30 years A group representing Canada’s mortgage industry said Monday that the federal government has failed to address Canada’s housing affordability problem and urged policy-makers to consider a series of recommendations that would help first-time home buyers in particular. Mortgage Professionals…
Read MoreBank of Canada maintains policy rate and forward guidance
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight rate is being maintained. The Bank is continuing its reinvestment…
Read MoreOSFI maintains Qualifying rate at mortgage contract rate plus 2 percent or 5.25 percent
The Office of the Superintendent of Financial Institutions (OSFI) confirmed that the minimum qualifying rate for uninsured mortgages will remain the greater of the mortgage contract rate plus 2 percent or 5.25 percent. In an environment characterized by increased household indebtedness and low interest rates, it is essential that lenders test their borrowers to ensure…
Read MoreScotiabank Nowcast: Employment Gains Continued Prior to Omicron Spread, Q4-2021 GDP at 6.22%
This note is part of a series that will be published after important data releases, documenting mechanical updates of the nowcast for Canadian GDP coming from the Scotiabank nowcasting model. The evolution of this nowcast will inform Scotiabank Economics’ official macroeconomic outlook. Source: Scotiabank Global Economics
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