Mortgage Rates Canada - February 2023 UPDATE : Fixed Rate Pop Back Up on Inflation Data

#CanadaMortgageRates #CanadaRealEstate #canadianrealestate

Canada’s fixed mortgage rates popped back up in February, after declining in January, as hotter than expected inflation data pushes up expectations of further interest rate hikes. Housing affordability is ‘significantly worse today' than a year ago, according to Real Estate Broker John Pasalis.

Links:

Canadian 5 Year Bond Yields Surge To 2023 High—Bad News For Home Prices:

https://betterdwelling.com/canadian-5-year-bond-yields-surge-to-2023-high-bad-news-for-home-prices/

Global stocks fall, U.S. yields rise after strong economic data:

https://financialpost.com/pmn/business-pmn/global-stocks-fall-u-s-yields-rise-after-strong-economic-data-3

Canada 5 Year Government Bond:

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

Housing affordability 'significantly worse today' than a year ago: Broker:

https://www.bnnbloomberg.ca/housing-affordability-significantly-worse-today-than-a-year-go-broker-1.1887556

Average Canadian house price hits $816,720 — up 20% in past year:

https://www.cbc.ca/news/business/crea-housing-february-1.6385274
https://web.archive.org/web/20220205102106/https://www.rbcroyalbank.com/mortgages/mortgage-rates.html

Canadian home sales begin 2023 at 14-year low:

https://creastats.crea.ca/en-CA/

They bought their home in March 2022. Why this Ontario couple calls the purchase a nightmare:

https://www.cbc.ca/news/canada/london/they-bought-their-home-in-march-2022-why-this-ontario-couple-calls-the-purchase-a-nightmare-1.6750229?fbclid=IwAR01wlOG4lO4O-SNkic_x1Mtav9tgh595HHdHjiwnTTVE-6RzPR_x1OoRcg

Fed's Collins: Recenf US data confirm case for more rate hikes:

https://www.forexlive.com/centralbank/feds-collins-recenf-us-data-confirm-case-for-more-rate-hikes-20230224/

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