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Mortgage Rate Predictions of the Week

The experts’ tea leaves suggest that the next move in Canadian mortgage rates will be down.

Says Scotiabank:  “Our view is that interest rates are going to continue to move lower, probably half a percentage point, potentially even more, between now and the third quarter or year-end, when they bottom.” (Aron Gampel, deputy chief economist, Scotiabank)

Says CIBC:  “We see…the potential of actually lower short-term rates.”  “Longer term, we believe interest rates will remain relatively low and the next peak will be lower than the previous peak.” (Benjamin Tal, senior economist, CIBC)

Source:  National Post

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3 Comments

  1. THAT’S MUSIC TO ME AND MY WIFE’S EARS! Lol. That’s going to be around the time that we pre-qualify for our first home (we’re currently renters).
    Thanks for your useful info,
    Savings Journey

    Reply

  2. Everything is so overblown, nothing really disturbing will happen to Canada’s economy or mortgage market. Only those who does not know how to properly manage their expenses, or/and using credit cards like morons without even looking at their current budget, have to fear. My wife and I just bought our first house, got some nice rates, saved so much money last 10 years (you never know, it is always great to have it when/if hard times starts knocking). We are not cheap, but in the same time we did not spend money on stupid unnecessary things, rather saving it for our child’s education and future.
    People, do not live in lie, do not spend money using stupid credit cards and not paying them off. It is good to have them, but you have to know how to manage it properly.
    If you live by those rules, nothing will stop you making your dreams come true.

    Reply

  3. Everything is so overblown, nothing really disturbing will happen to Canada’s economy or mortgage market. Only those who does not know how to properly manage their expenses, or/and using credit cards like morons without even looking at their current budget, have to fear. My wife and I just bought our first house, got some nice rates, saved so much money last 10 years (you never know, it is always great to have it when/if hard times starts knocking). We are not cheap, but in the same time we did not spend money on stupid unnecessary things, rather saving it for our child’s education and future.
    People, do not live in lie, do not spend money using stupid credit cards and not paying them off. It is good to have them, but you have to know how to manage it properly.
    If you live by those rules, nothing will stop you making your dreams come true.

    Reply

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