Monday Morning Interest Rate Update for February 10, 2020 by David Larock Last week TD Bank lowered its posted five-year fixed rate from 5.34% to 4.99%. You might be wondering why this is worth writing about because the Big Six banks don’t actually lend at their posted rates. Instead, those rates have primarily been used to significantly inflate the size of … Read More

by Ephraim Vecina Amid the considerable market impact of the B-20 regulations, multiple observers and industry organizations have called for revisions of the mortgage qualification stress testing, but the chief of the Bank of Nova Scotia has argued that such changes would not address the root of the nation’s housing crisis. Scotiabank president and CEO Brian Porter recently said that what policies should … Read More

by David Larock The Bank of Canada (BoC) left its policy rate unchanged last week, as widely expected, and that means variable mortgage rates will remain at their current levels for the time being. The Bank also issued its latest Monetary Policy Report (MPR), which provides us with its quarterly assessment of economic conditions both at home and abroad. The January MPR, … Read More

U-Haul has named Chatham its No. 10 growth city in Canada after arrivals of one-way trucks to the city rose in 2019. By: Tom Morrison U-Haul has named Chatham its No. 10 growth city in Canada after arrivals of one-way trucks to the city rose in 2019. There was a two per cent increase in arrivals last year, while departures … Read More

By: Sanjiv Das In my three decades in the financial markets, I’ve come to expect the unexpected. With the new year upon us, I’m sharing five predictions for the U.S. housing market that counter conventional wisdom. These ideas may not necessarily come to pass, but I’ll explain how they could materialize. Thinking about these outcomes aren’t just theoretical but can … Read More