BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada; Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets

Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement has changed to one whereby the market is forecast to remain in more of a holding pattern until next spring, when a sharper rebound is expected.

Jan 16, 2025 · “The assumption remains that the combination of two and a half years of pent-up demand and lower borrowing costs, together with the usual burst of spring listings will lead to a rebound in market activity across the country in 2025,” the association said in a release.. It added that the December and fourth-quarter sales figures provide an early indication of what could unfold in the spring ...

6 days ago · Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook is clouded by the threat of widespread tariffs from the U.S. The national housing agency said a trade war between Canada ...

Dec 31, 2024 · As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

Dec 31, 2024 · Top mortgage stories of 2024 Rates and housing market movements. The year of rate cuts: After the Bank of Canada’s rate peak in 2023, 2024 became the year of rate relief.The central bank delivered five consecutive rate cuts totalling 175 basis points, bringing the overnight rate down to 3.25%. These cuts led to a corresponding decline in the prime rate, easing borrowing costs for variable ...

Dec 27, 2023 · Real Estate Market The Canadian Real Estate Association (CREA) 2024 home sales forecast: 490,257 (+9% year-over-year) “National home sales are forecast to rebound…as interest rates get closer to, and eventually start, trending down and housing markets make a turn back towards their long-term trends.

Nov 21, 2024 · As we wrote earlier this month, Donald Trump’s recent U.S. presidential victory has triggered a surge in markets, including the bond market, fuelled by his pro-growth policies and tax-cut promises.. Many of Trump’s policies are inflationary, including his promise to remove taxes on tips and overtime, introduce a 60% tariff on Chinese …

Nov 3, 2024 · At Mortgage Professionals Canada’s recent National Mortgage Conference broker panel, five industry experts shared insights on everything from market outlooks and professional development to the fixed-versus-variable rate debate—even placing a $10,000 bet on where mortgage rates might head over the next six months.

Jan 23, 2025 · The latest happenings from within the mortgage industry. Here you’ll find a wide-ranging selection of stories focused on (but not limited to) the mortgage broker and lender communities in Canada.