Real Estate

Bank Of Canada Maintains Overnight Rate Target

Bank of Canada

“Today the bank of Canada announced that they will not be increasing the overnight lending rate. This is a good sign that past rate increases have made an impact and the BoC is observing the change.

The next BoC meeting will be January 9th, where they will revisit increasing rates.” Kyle Green, Owner, Green Mortgage Team

The Bank of Canada today maintained its target for the overnight rate at 1¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1½ per cent.

The global economic expansion is moderating largely as expected, but signs are emerging that trade conflicts are weighing more heavily on global demand. Recent encouraging developments at the G20 meetings are a reminder that there are upside as well as downside risks around …Click here for full article.

Canada’s Commercial Market Promises an Even Stronger 2019

Commercial Real Estate

By all current indications and trends, interest and investment volume in Canada’s commercial real estate market will enjoy a strong 2019, a new report from Morguard Corporation assured.

In its 2019 Canadian Economic Outlook and Market Fundamentals Report, Morguard stated that the commercial segment’s attractiveness to a wide range of investors will remain its key feature well…Click here for full article.

BoC Doublespeak on Rate Hikes Muddies the Waters

Window

The Bank of Canada’s latest decision to hike the benchmark interest rate to 1.75% is just the latest in its series of tightening measures meant to address household risks, but Dr. Sherry Cooper of the Dominion Lending Centres would’ve preferred the bank to be clearer about its future plans.

“The Bank of Canada believes the economy will grow about 2% per year in 2018, 2019 and 2020, in line with their upwardly revised estimate of…Click here for full article

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Bank of Canada Survey Says Canadian Businesses are Optimistic

Shoppers

A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans.

The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated some of the economic uncertainty.

The upbeat results were released a little over a week before the Bank of Canada’s next policy decision, which is widely expected to produce another interest rate…Click for full article

Bank of Canada Survey Says Canadian Businesses are Optimistic

Shoppers

A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans.

The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated some of the economic uncertainty.

The upbeat results were released a little over a week before the Bank of Canada’s next policy decision, which is widely expected to produce another interest rate…Click for full article