January 2021

Bank of Canada Still Expects No Rate Increases Until 2023.

The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its "effective lower bound" of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program--buying $4 billion of Government of Canada bonds every week...

BUYING OR SELLING A HOME IN 2021? WHAT YOU NEED TO KNOW ABOUT THE MARKET.

Motivated by low interest rates, last year people across Canada were on the move to wherever their telecommuting hearts desired. But will the trends continue in 2021? Those looking to buy or sell a home in early 2021 might want to keep in mind the three “I’s”: Interest rates, inventory and internet access (and the relocation possibilities it opens up!). Experts anticipate the housing market...