Bank of Canada holds interest rate as it takes stock of trade war impacts

BY THE CANADIAN PRESS Posted Sep 4, 2019 8:05 am MDT OTTAWA — The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on the domestic and global economies. The rate decision, which was widely expected, keeps the central bank’s overnight rate at 1.75 per cent and follows a solid second-quarter rebound for the Canadian economy. In the … Read More

Bank of Canada keeps interest rate steady at 1.25%

Roughly 50/50 odds of a rate hike next month Pete Evans · CBC News · Posted: Apr 18, 2018 10:09 AM ET | Last Updated: April 18 The Bank of Canada decided to keep its benchmark interest rate right where it is on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight … Read More

Supply of resale single-family homes steps up

Josh Skapin, Calgary Herald Published on: April 6, 2018 | Last Updated: April 6, 2018 4:55 PM MDT The number of single-family homes that changed hands through Calgary’s resale market this past March eased 27 per cent from the same month in 2017. There were 848 sales of previously owned single-family homes in the city last month, dipping from 1,171 … Read More

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