
national bank financial


We could reach 2% inflation by this summer: National Bank
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?
National Bank of Canada thinks so.

Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan
Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show
High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Fixed rates back as top mortgage product of choice: National Bank
Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

National Bank seeing fewer delinquencies in Quebec vs. other regions
A better-than-national unemployment rate in Quebec is translating to fewer delinquencies in National Bank of Canada’s mortgage portfolio for that province.

Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank
Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.