"Fix or Float"' when the Bank of Canada Cuts Rates: Financial Post

#bankofcanada #canadianmortgagerates #canadianrealestate

Taking a floating or a fixed mortgage rate will be the biggest decision facing borrowers when the Bank of Canada cuts rates – this according to a new article from the Financial Post.

Links:

Fix or float is the big mortgage question as Bank of Canada rate cuts approach:

https://financialpost.com/real-estate/mortgages/fix-or-float-mortgage-when-bank-of-canada-cuts-rates

Canadian economy misses Q1 growth forecast; April GDP likely up 0.3%:

https://www.ctvnews.ca/canada/canadian-economy-misses-q1-growth-forecast-april-gdp-likely-up-0-3-1.6908045

GDP growth underwhelms, bolstering case for Bank of Canada rate cut in June:

https://www.theglobeandmail.com/business/article-canada-gdp-first-quarter-2024/

Canada June rate cut bets rise after first-quarter GDP miss:

https://www.reuters.com/markets/canadian-economy-misses-q1-growth-forecast-april-gdp-likely-up-03-2024-05-31/

Slowing GDP growth sets up pivotal Bank of Canada decision: ‘Expect fireworks’:

https://globalnews.ca/news/10536269/canada-gdp-march-q1-2024/

Canadian Interest Rate Expectations:

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

To cut or hold interest rates — all eyes are on the Bank of Canada:

https://financialpost.com/news/economy/bank-of-canada-interest-rate-cut-june

Killer TD variable rate mortgage could be sign of better deals to come:

https://ca.finance.yahoo.com/news/killer-td-variable-rate-mortgage-100033966.html

Policy interest rate:

https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

CANDEAL DATA AND ANALYTICS:

https://www.candeal.com/en/data-analytics

Mortgage Rates:

https://www.rbcroyalbank.com/mortgages/mortgage-rates.html

Fixed vs Variable Comparison Calculator:

https://www.cmls.ca/brokers/download-resource?id=17

Market Participants Survey:

https://www.bankofcanada.ca/publications/market-participants-survey/

Posthaste: Bank of Canada could keep interest rates super low for next 4 years, if these economists are right:

https://financialpost.com/executive/executive-summary/posthaste-super-low-interest-rates-could-be-around-for-the-next-4-years-if-these-economists-are-right

Variable mortgage rates have historically saved home owners money. But will they keep doing so?:

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-for-mortgage-shoppers-history-is-now-less-of-a-guide/

Sub-1% Mortgage Rates Come to Canada, Courtesy of HSBC:

https://www.wealthprofessional.ca/news/industry-news/hsbc-shakes-up-homebuying-with-a-rate-below-1/336009

TD Bank secretly launches discounted variable mortgage rate:

https://www.mpamag.com/ca/mortgage-industry/industry-trends/td-bank-secretly-launches-discounted-variable-mortgage-rate/487972

Variable or short-term fixed mortgage? Where experts see the ‘sweet spot’:

https://globalnews.ca/news/10354153/variable-rate-mortgage-benefits-downsides/

Stocks slide as bond sell-off fuels jitters:

https://www.ft.com/content/7fe47b5c-c6e5-42f8-8faa-9bc6305027a5

A Trump Win Is Seen as a Risk to Fed Independence: Poll:

https://www.bloomberg.com/news/articles/2024-06-02/a-trump-win-would-threaten-fed-independence-move-bonds-poll

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt:

https://www.bloomberg.com/news/articles/2024-03-13/rogoff-says-biden-trump-favor-blowing-up-debt-low-rates-over

Bank of Canada plans to keep interest rate near zero until 2023:

https://www.cbc.ca/news/canada/bank-of-canada-rate-decision-1.5779813

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.