hikes

More interest rate hikes will be needed, says Tiff Macklem

More interest rate hikes will be needed, says Tiff Macklem

In the text of a speech to the Halifax Chamber of Commerce, Macklem said Thursday that high inflation increasingly reflects domestic price pressures. The governor noted that while global events such as the pandemic and the Russian invasion of Ukraine fueled price increases, demand was outpacing supply overall in the Canadian economy. Mr. Macklem felt …

More interest rate hikes will be needed, says Tiff Macklem Read More »

Rate hikes |  Alternative mortgages are gaining popularity

Rate hikes | Alternative mortgages are gaining popularity

(Toronto) Homebuyers across the country are increasingly turning to credit unions and private lenders for mortgages as rates rise, and mortgage brokers are watching. These experts point out that Canadians are now more attracted to these alternative lenders than before because fixed mortgage rates have reached and slightly exceeded the 4.0% threshold in recent months …

Rate hikes | Alternative mortgages are gaining popularity Read More »