Mortgage Associate - Gursewak Mian

01/01/2023

10/26/2022

https://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.6629901

Canada's central bank continued its campaign to wrestle high inflation into submission on Wednesday, raising its benchmark interest rate by 50 basis points to 3.75 per cent.

09/07/2022

The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, a move that will increase the cost of borrowing for consumers and businesses.

08/30/2022

https://financialpost.com/real-estate/canada-home-prices-fall-25-percent-td-bank

The projected price drop represents an unprecedented decline at least going as far back as the late 1980s, TD says. Find out more.

07/28/2022

https://www.bankofcanada.ca/2022/07/2023-schedule-interest-rate-announcements/

The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report.

07/13/2022

https://www.cbc.ca/news/business/bank-of-canada-rate-hike-1.6518161

The Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation.

07/12/2022

Rapidly rising interest rates and other economic headwinds mean it's becoming increasingly likely Canada will enter into a recession.

07/12/2022

You may have noticed that interest rates have been rising across Canada lately. We wanted to provide some insight into why interest rates may change over time. Canada responds not only to local economic conditions, but also to what is happening in other parts of the world resulting in fluctuations to our interest rates. Interested in learning more about the factors that influence lending rates? Reach out to your mortgage broker today.

07/12/2022

Markets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday.

06/14/2022

https://www.cbc.ca/news/business/homeowners-interest-rate-survey-1.6487137

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

06/03/2022

Calgary’s market is beginning to turn as home sales slipped for the second month in a row