Bank of Canada holds interest rate, underlines ‘growing’ trade uncertainty

By: Andy Blatchford The Canadian Press Published on Wed Mar 07 2018 The 1.25 per cent benchmark is on hold amid concerns over recent trade policy developments and NAFTA renegotiations. OTTAWA — The Bank of Canada kept its key interest rate target on hold Wednesday as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark at … Read More

Big banks move to match Bank of Canada’s rate hike

Pete Evans · CBC News · Posted: January 18th 2018, 11:42:45 AM | Last Updated: January 18   Canada’s biggest lenders have raised their prime lending rates on the same day the country’s central bank moved its benchmark interest rate a quarter percentage point higher. The Bank of Canada raised its key lending rate by a quarter point to 1.25 per cent Wednesday morning, the … Read More

Home prices improve in Calgary

by MIKE TARASKO Posted Jan 10, 2018 7:15 am MST Calgary home prices continued to recover in the final quarter of 2017. According to the Royal LePage House Price Survey, the aggregate value of a home increased 4.4 per cent year-over-year to just over $479,000. Royal LePage Benchmark Owner Corinne Lyall said stricter mortgage rules coming down the pipe likely … Read More

Bank of Canada holds rate, suggests more hikes likely at more cautious pace

by Andy Blatchford, The Canadian Press Posted Oct 25, 2017 8:14 am MDT Last Updated Oct 25, 2017 at 2:00 pm MDT OTTAWA – The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual pace. In its scheduled announcement, the central bank said … Read More

Timing is good to invest in Calgary property: report

by MIKE TARASKO Posted Oct 24, 2017 7:55 am MDT A new report says Calgary is the second best place in Alberta to invest in real estate right now. The report was put together by the Real Estate Investment Network using 36 factors to pinpoint whether it’s a good time to buy. REIN’s Senior Analyst Don Campbell said Calgary has … Read More

OSFI Unveils New Stress-Test Rules

Steve  Huebl – October 17, 2017 Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI) is the establishment of a new minimum qualifying rate, or “stress test,” for borrowers making … Read More

Bank of Canada raises overnight rate to 1 per cent

Andy Blatchford, The Canadian Press Published Wednesday, September 6, 2017 7:06AM EDT Last Updated Wednesday, September 6, 2017 12:55PM EDT OTTAWA — The Bank of Canada is once again raising its benchmark interest rate as it sees the economy’s powerful performance pointing to broader, more self-sustaining growth. The central bank hiked its rate Wednesday by one-quarter point to 1.0 per … Read More

Calgary to see home price gains of five per cent this year, Royal LePage predicts

Claire Young, Calgary Herald Published on: July 21, 2017 | Last Updated: July 21, 2017 12:39 PM MDT   Calgary’s home prices are expected to rise five per cent year-over-year by the end of the year, reports Royal LePage in its recent house price survey and market survey forecast. “Home prices continue to rise in Calgary, as many areas within the … Read More

BoC hikes interest rate for first time in seven years

Craig Wong, The Canadian Press Published Wednesday, July 12, 2017 4:32AM EDT Last Updated Wednesday, July 12, 2017 3:41PM EDT   OTTAWA –The Bank of Canada hiked its benchmark interest rate Wednesday for the first time in nearly seven years in what may be the beginning of the end of the era of cheap borrowing that has fuelled the hot … Read More

Calgary’s slow real estate rebound continues; prices stabilized, says CREB

Published on: April 4, 2017 | Last Updated: April 4, 2017 4:53 PM MDT Annual sales of single-family homes surged in March as Calgary’s real estate market continued to strengthen. Calgary Real Estate Board data show detached home sales rose 17 per cent from a year ago, to 1,176 units, while the average price grew six per cent to $571,295. … Read More