—The Mortgage Report: Weekend Edition— It Might as Well Have: On Wednesday, the Bank of Canada threw caution to the wind and changed its playbook. It pledged not to hike...

—The Mortgage Report: July 16— Falling Equilibrium: The Bank of Canada now estimates that Canada’s “neutral rate” is 25 bps lower than it was last year. The neutral rate is...

Quick Summary Today’s Announcement:No change to rates Overnight rate:0.25% Prime Rate:2.45% (also no change; seePrime Rate) Market Rate Forecast:No BoC hikes until at least 2023 BoC’s Headline Quote: “…The Bank...

—The Mortgage Report: July 14— Reverse Record: Once the scorn of financial planners across the land, reverse mortgages are increasingly becoming cornerstones of retirement planning. The main reason: rates. Equitable...

—The Mortgage Report: July 13— False Start: Parts of the U.S are going back into lockdown, Fed officials are warning the economy is regressing and Ottawa is extending wage subsidies...

—The Mortgage Report: July 9— Play Stocks or Play it Safe?: That’s a common question for otherwise debt-free mortgagors with nothing else to do with their money. It’s not a...

—The Mortgage Report: July 8— Avoiding the Cliff: If six-month payment deferrals end as planned in September, tens of thousands of homeowners will default on their mortgages—no question about it....

—The Mortgage Report: July 7— Price Expectations vs. Reality: “…Consumer expectations for house price growth in Canada dropped to zero,” according to a BoC survey released yesterday. But the data...

—The Mortgage Report: July 3— Long Road Back for Jobs: Avid rate watchers all want to know the same thing: how long will unemployment stay elevated? The answer to that...

—The Happy Canada Day Report: July 1— Fixed or Bust: Canada’s lowest nationally available conventional variable rate is just nine basis points cheaper than a comparable 5-year fixed rate. That...