20160919 Variable mortgage rates will soar. Are you ready
Fixed versus variable today
Discounted five-year fixed and variable rates are just 11 basis points apart right now, based on the 319 mortgage providers tracked by RateSpy.com. That’s the smallest margin (spread) in recent history.
20160911 What’s ahead for mortgage rates in Canada? Watch the U.S. Fed
20160907 The central bank opted once again Wednesday to keep its key overnight interest rate at 0.5 per cent, where it has sat for the past 14 months.
CIBC doesn’t expect the central bank to raise the overnight rate until mid-2018.
Most analysts expect the BOJ to ease further this month, with economic growth having ground to a halt and inflation sliding further away from its 2 per cent target.