Mortgage Logic

June 1 2022 – Bank of Canada Raises Key Rate – How To Survive and Thrive Post Recession.

June 1 2022, the Bank of Canada raises Key Rate. Today the Bank of Canada (BoC) decided to raise its key rate by 0.50% to 1.50%, which will cause the Prime Rate at major Financial Institutions (FI’s) to increase the same to 3.70%.  Economists are now mentioning the word “stagflation” which we have not heard

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Annual Surtax on High Value Houses…A Really Bad Idea for the Canadian Housing Market & Economy

Taxes have never achieved anything good for an Economy or a Society and certainly have never achieved the objective that they were originally dreamt up for.  They are punitive and negative and discourage raising the overall standard of living for all. A new report backed by Canada’s national housing agency is calling for a home

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Bank of Canada Holds Benchmark Rate the Same in Their Final Decision of 2021

The Bank of Canada (BoC) made its eighth scheduled and presumably final interest rate decision for the calendar year. Economists and financial markets were on high alert for signs of changes to come next year and clues as to when. As expected again no change was made to the benchmark rate. It remains at 0.25%

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Bank of Canada will hold current level of policy rate until inflation objective is achieved

Yesterday the Bank of Canada (BoC) announced that they would “hold current level of policy rate until inflation objective is achieved”. Inflation is at the low end of their target range (1-3%) in recent months. Excess supply is expected to weigh on inflation over 2021, and as it is absorbed inflation is expected to return

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