Should Canadians Choose a Fixed or Variable Mortgage Rate During a Trade War? - Integrated Mortgage Planners

Major banks are expected to announce on the 31st that they will raise the base interest rates for variable rate mortgages from April. Many banks will raise the rate by around 0.25% per year, meaning that those already borrowing will see their applicable interest rates rise from June and July repayments. [Related article] The rise in base interest rates reflects the Bank of Japan's interest rate hike. If we calculate the impact assuming that some…

Should Canadians Choose a Fixed or Variable Mortgage Rate During a Trade War? - Integrated Mortgage Planners

Last week Statistics Canada released our latest GDP data. The results were better than expected, for the second month in a row, mostly because buyers were front running US President Trump’s tariffs. Normally I could analyze the data and draw implications for the near-term direction of Canadian mortgage rates. But, at the moment, those data aren’t much help. Our near-term economic outlook is in flux thanks to ever-changing tariff threats. The nex…

More than 80% of the experts consider that the Bank of the Republic will cut the rates 25 basis points, remaining at 9.25%