rbc economics Archives - Mortgage Rates & Mortgage Broker News in Canada

Experts bet on sixth straight Bank of Canada rate cut this week

January 27, 2025 No Comments

Economists and markets expect a 25-basis-point rate cut this week, bringing the Bank of Canada’s policy rate to a two-year low of 3%.

Housing and interest rate forecasts for 2025

December 30, 2024 1 Comment

As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers.

Two big banks predict 225 bps worth of BoC rate cuts over the next year

October 21, 2024 No Comments

As we appraoach what’s expected to be the Bank of Canada’s fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far from over.

More rental housing development needed despite recent rise: RBC economist

July 3, 2024 2 Comments

Even though rental housing construction in Canada has picked up significantly, more is needed to fill the demand backlog, according to a new RBC report.

Canada jobs numbers spike and could delay rate cut: economists

May 10, 2024 No Comments

Canada added 90,000 jobs to the national economy in April, according to the latest figures from Statistics Canada, which may cause the Bank of Canada to postpone its first rate cut.

As homeownership costs hit a new high, RBC predicts affordability challenges for years to come

April 3, 2024 No Comments

Housing affordability in most major markets continued to worsen in the fourth quarter despite a slight easing of home prices.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

RBC sees mortgage delinquencies rising nearly 30% in the coming year

May 9, 2023 No Comments

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.

A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver

December 20, 2022 No Comments

High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC’s affordability measure to its worst-ever level.

Canada unlikely to avoid recession: RBC

July 8, 2022 No Comments

Rapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession.

rbc economics