Tag Archive for: Canadian Economy

Timing the 2025 Real Estate Market

Why Now is the Perfect Time to Buy or Refinance Your Mortgage in Canada’s Shifting Economy

The Canadian economy has been navigating a complex landscape over the past few years, shaped by global uncertainties, inflationary pressures, and evolving monetary policies. As we move further into 2025, the Canadian mortgage market is experiencing significant shifts, driven by changes in the Bank of Canada’s lending rate and bond yields. For homeowners and prospective buyers, these trends present a unique opportunity to make strategic financial decisions. Let’s dive into the current state of the economy, the mortgage market, and why now is an ideal time to buy or refinance—and how I can help you make the most of it.

The Current Canadian Economic Landscape

Canada’s economy has shown resilience despite global headwinds, with steady growth in key sectors like technology, renewable energy, and … Read more

Economic stats for March 2011

Bank of Canada Interest Rate
January 18, 2011 1.00 %
March 1, 2011 1.00 %
April 12, 2011 Next meeting date

Bank Prime Lending Rate

January 19, 2011 3.00 %
March 2, 2011 3.00 %
April 13, 2011 Next meeting date

Conventional Mortgage – 5 Year Rate*

January 19, 2011 5.19 %
February 9, 2011 5.44 %
February 23, 2011 5.44 %

*Determinant for high ratio mortgage variable qualifying rate

US Federal Reserve Board Discount Rate

December 14, 2010 0.00 % – 0.25 %
January 26, 2011 0.00 % – 0.25 %
March 15, 2011 Next Meeting date

Exchange Rate $CDN($US)

January 31, 2011 0.9985 $CDN ($US)
February 11, 2011 1.0134 $CDN ($US)
March 1, 2011 1.0257 $CDN ($US)

Government of Canada Bonds

Bond Type January 26, 2011 February 9, 2011 February 23, 2011
1 year Treasury Bill 1.33% 1.36%
… Read more

October 2009

Here is October 2009’s monthly update on key economic data. Please contact me if you have any questions.
Cheers,
Pat

p.s- You can find me on Twitter,Linkedin, Facebookand friendfeed.

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September 2009

Below are the details on some key factors in our economy. Take a look and let me know what you think. Feel free to to contact me if you have any questions.

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