Team Fazi Real Estate

Because you count as 1

Tel: (778) 899-8829 |

Present and future expected interest rate hikes

July 15, 2018

As expected, Stephen S. Poloz, the Governor of the Bank of Canada has announced a few days ago that the Bank of Canada hiked its key overnight rate 25 basis points to 1.5%.


He also mentioned that he expected that the Bank to gradually hike the benchmark rate until it reaches 2% or 2-1/4% by the end of 2019, implying another 2 or 3 rate hikes by the end of next year. However, Mr. Ploloz was uncertain as to how quickly this would happen. This will be discussed in the Governing Council of the Bank which is scheduled to meet again on September 5, 2018.


Recent data by the Bank of Canada suggests that housing markets are beginning to stabilize following a weak start to 2018.. Accordingly, the housing will contribute a mere 0.1 percentage points to growth this year, with no contribution in 2019 and a slight negative rate of contribution in 2020 (see Table below).

Comments:
No comments

Post Your Comment:

CBC | Business News

17/00/2021
Who opens a new tourist attraction during a pandemic? Meet Canada's most optimistic entrepreneurs
gondola

Several Canadian entrepreneurs are plunging ahead to launch new tourist attractions, despite surging COVID-19 cases in some regions. They say they can't press pause on projects started before the pandemic, and are pinning their hopes on vaccinations turning the tide — ideally before summer holiday season.

More...
The real winners of Thursday's CRTC decision? Telecom companies, observers say
ROGERS cellphone

Some telecommunications analysts and consumer advocates say the country's regional wireless and internet carriers will benefit the most from a landmark regulatory ruling Thursday by the CRTC.

More...
More than 200 travellers fined for refusing to quarantine in hotels after landing in Canada
QUARANTINE HOTELS PEARSON

As of March 30, 219 tickets have been issued to air passengers entering Canada who refused to quarantine at a designated hotel. Some travellers say they defied the rules because they felt it was safer to quarantine at home.

More...
CRTC mandates Big 3 telcos to let smaller regional companies use their networks to create makeshift MVNOs
smartphone wireless cellphone light display

Canada's telecom regulator is opening the door a crack to more wireless competition, by allowing a small number of regional companies to piggyback on the networks of the established players.

More...
Average price of Canadian home rising at fastest annual pace ever, now up to $716,828
housing realtor sale sign

Canada's red-hot housing market continues to defy expectations, with sales in March up 70 per cent compared to a year ago and average prices up by more than 30 per cent.

More...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.