top of page
Recent Posts

MORTGAGE RATE FORECAST: Strong Canadian Economy Could Signal Change in Interest Rates


Mortgage Rate Outlook For the past six months, the relative calm in the Canadian economy meant that mortgage rates were guided more by external factors than domestic ones. Most prominent has been the quieting of previously bullish sentiment on US growth and inflation, as neither the trillion-dollar infrastructure plan nor tax cuts promised by the Trump administration have been proposed, never mind passed, despite one-party control of Congress. Bond markets have taken notice of this inaction, dramatically revising down expectations. Consequently, bond yield spent much of the last three months sliding back toward pre-election levels.