Delaying C-70 would be a gift to our adversaries / Richard Fadden / MLI in parliament
Delaying C-70 would be a gift to our adversaries / Richard Fadden / MLI in parliament
Does Pierre Poilievre have a defence policy?: J.L. Granatstein for Inside Policy

Canadian Fixed Mortgage Rates SURGE in April: BoC to cut ‘Gradually’ [Video]

Categories
Canadian Politics and Government

Canadian Fixed Mortgage Rates SURGE in April: BoC to cut ‘Gradually’

#canadianmortgagerates #canadianrealestate #bankofcanada

Canada’s fixed mortgage rates are surging upwards in April, with rising bond yields and traders pairing back bets that the Bank of Canada will be cutting rates in June. The Bank released its April Summary of Deliberations, showing that the Governing Council is split on when to cut interest rates.

Links:

Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire:

https://www.youtube.com/watch?v=88MOLr_QhGs&t=2s

Summary of Governing Council deliberations: Fixed announcement date of April 10, 2024:

https://www.bankofcanada.ca/2024/04/summary-governing-council-deliberations-fixed-announcement-date-april-10-2024/

Some fixed mortgage rates are up despite hints of Bank of Canada cuts. Why?:

https://globalnews.ca/news/10424891/fixed-mortgage-rates-canada-spring-housing-market/

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

U.S. inflation boogeyman still looms over Canadian mortgage market:

https://ca.finance.yahoo.com/news/u-inflation-boogeyman-still-looms-185509607.html

Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’:

https://globalnews.ca/news/10413855/bank-of-canada-interest-rate-april-2024/

Canada’s Fixed Mortgage Rates Rise following Bank of Canada Announcement:

https://youtu.be/ZJuAM97VvpY

U.S. inflation boogeyman still looms over Canadian mortgage market:

https://financialpost.com/real-estate/mortgages/mortgage-rates/u-s-inflation-looms-over-canadian-mortgage-market

Fixed mortgage rates are rising. What’s the deal?:

https://www.canadianmortgagetrends.com/2024/04/fixed-mortgage-rates-are-rising-whats-the-deal/

Has the great Toronto condo boom finally hit a wall?:

https://financialpost.com/real-estate/great-toronto-condo-boom-finally-hit-wall

Ontario home sold at $500k loss after 5 failed attempts to sell:

https://www.blogto.com/real-estate-toronto/2024/04/ontario-home-sold-500k-loss-5-failed-attempts-sell/

Interest rate cuts likely to be ‘gradual’ amid inflation risks: Bank of Canada:

https://globalnews.ca/news/10447174/bank-of-canada-rate-cuts-gradual/

Falling condo market drags down new home sales to record lows across the GTA:

https://www.thestar.com/business/falling-condo-market-drags-down-new-home-sales-to-record-lows-across-the-gta/article_5813daee-00c0-11ef-bad3-0f6dba018042.html

Bank of Canada holds rate steady, says June cut a possibility:

https://www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-april/

Canadian Interest Rate Expectations:

https://www.m-x.ca/en/trading/tools/canadian-interest-rate-expectations

Bank of Canada officials split on rate cut timing, but agree easing will be gradual:

https://www.theglobeandmail.com/business/article-bank-of-canada-officials-split-on-rate-cut-timing-but-agree-easing/

Union leaders frustrated by Bank of Canada’s advice for companies not to adjust wages to inflation:

https://www.theglobeandmail.com/business/article-wage-negotiations-inflation-canada/

Bank of Canada officials split on rate cut timing, but agree easing will be gradual:

https://www.theglobeandmail.com/business/article-bank-of-canada-officials-split-on-rate-cut-timing-but-agree-easing/

US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes:

https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts

Fickle home buyers tiptoe into spring market:

https://www.theglobeandmail.com/real-estate/toronto/article-fickle-home-buyers-tiptoe-into-spring-market/

Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
[email protected]
Brokerage Lic: 10464
Broker Lic: M16001479
https://www.LondonOntarioMortgages.ca – Apply Online!!
Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario

Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram – https://www.instagram.com/mortgagebrokerlondonontario
Facebook – https://www.facebook.com/londonontariomortgages
Twitter – https://twitter.com/londonmortgage1/
LinkedIn – https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/
TikTok – https://www.tiktok.com/@mortgagebrokerlondon?lang=en
Commentary on this Channel should not be considered financial advice.

Canada
Canada's Indo-Pacific Strategy in a quickly changing world / Jeff Kucharski / MLI in Parliament
Postliberalism is trendy but don’t ditch liberalism just yet: Jack Mintz in the Financial Post