by REM Editorial Team | Aug 1, 2024 | News
The Bank of Canada (BoC) lowered its benchmark rate for the second time in two months on July 24. With government bond yields also dropping, current mortgage rates have hit their lowest point in 17 months. Though some expect these lower rates to stimulate the real...
by REM Editorial Team | Jul 25, 2024 | News
Yesterday, the Bank of Canada lowered its overnight lending rate by 25 basis points to 4.5 per cent, the second consecutive rate cut this year. The Bank says that growth in the Canadian economy has picked up but is still below long-term potential and that our...
by REM Editorial Team | Jun 24, 2024 | News
The Bank of Canada (BoC)’s recent 25 basis point drop that lowered its key overnight lending rate to 4.75 per cent sparks the questions of if and when other rate drops will follow, and what the financial impact will be on the average five-year variable mortgage...
by REM Editorial Team | Jun 10, 2024 | News
High interest rates have impacted Canadians’ finances for quite some time, with 65 per cent saying lower interest rates will make a positive, meaningful impact on their financial well-being, according to Dye & Durham’s Canadian Pulse Report for Q2 2024. On June 5,...
by Brendon Ogmundson | May 31, 2024 | Columnists
“I am a patient boy, I wait, I wait, I wait, I wait …” This opening line to the classic 1988 punk-rock anthem Waiting Room, by Fugazi, expresses a sentiment currently felt across the Canadian housing market as we wait on the Bank of Canada. Indeed, there’s a...
