Posthaste: What the Bank of Canada hike will mean for mortgage borrowers
Synopsis by Calgary Herald Dec 06 22
If the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6 ...Read full article 
Vancouver Sun: Posthaste: What the Bank of Canada hike will mean for mortgage borrowers
Story Details
| Last Updated | Dec 06 22 |
| Total Articles | 7 |
Main Topics
News on this topic
David Rosenberg: Canada's housing bubble has finally popped — don't underestimate the impact
financialpost.com/investing/david-rosenberg-canadas-housing-bubble-has-finally-popped-dont-underestimate-the-impact
More news on this subject
Previous
David Rosenberg: Canada's housing bubble has finally popped — don't underestimate the impact
financialpost.com/investing/david-rosenberg-canadas-housing-bubble-has-finally-popped-dont-underestimate-the-impact
‘She gets to be 10’: Ontario child’s heart donated to girl the same age | Globalnews.ca
trib.al/Py6SPSU
Gigantic marine reptile's fossils found by British girl and father: A fossil jawbone found by a British girl and her father on a beach in Somerset ...
reuters.com/science/gigantic-marine-reptiles-fossils-found-by-british-girl-father-2024-04-17/
Quick Glance: Huge marine reptile fossils discovered by British girl and father
- A fossil jawbone found by a British girl and her father on a beach in Somerset, England belongs to a gigantic marine reptile from the Triassic Period.
- Researchers estimated that the marine reptile, named Ichthyotitan severnensis, was between 22 and 26 meters long, making it one of the largest known marine reptiles.
- Ichthyotitan was part of a family of giant ichthyosaurs called Shastasauridae and survived until a global mass extinction event about 201 million years ago.
- The discovered bone fragment, the surangular, hints at the size and bite force of the animal, emphasizing the importance of each species in the delicate fabric of life.
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Police arrest six, seek three others linked to Canada's largest gold heist: Canadian and U.S. authorities said on Wednesday six people have been arrested and ...
reuters.com/world/americas/police-arrest-six-seek-three-others-linked-canadas-largest-gold-heist-2024-04-17/
Quick Glance: Six Arrested in $22M Airport Gold Heist, Inside Job Unveiled
- Six individuals were arrested for the multimillion-dollar gold heist at Toronto's Pearson International Airport.
- Police identified it as an 'inside job' and charged nine suspects in connection with the crime.
- Investigations revealed that former Air Canada employees were allegedly involved in the theft.
- The criminals intended to use the stolen gold and cash to finance illegal firearms trafficking into Canada.
Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Today’s American Dream Is Renting, Not Buying. This Expert Agrees: Some people rent because they can't afford to buy a home. Others do it simply because ...
cnet.com/personal-finance/mortgages/advice/todays-american-dream-is-renting-not-buying-this-expert-agrees/
Saltus approved to deliver British Columbia curriculum : Saltus has been approved to become a British Columbia Offshore School and is set to begin offering the ...
royalgazette.com/education/news/article/20240416/saltus-approved-to-deliver-british-columbia-curriculum/
Palestinian kaffiyehs banned from the Ontario legislature: Speaker Ted Arnott has prohibited Palestinian kaffiyehs from being worn by anyone — MPPs or guests — ...
thestar.com/politics/provincial/palestinian-kaffiyehs-banned-from-the-ontario-legislature/article_a31562e6-fd01-11ee-8070-dfcec7f444a8.html
Paid articlePaid
Canada unveils more taxes on rich, EV tax credits in federal budget: Here are some of the key government measures and proposals outlined in the 2023-24 budget ...
reuters.com/world/americas/highlights-canadian-federal-budget-2024-04-16/
Taxi driver won lottery six weeks ago – but hasn't seen a penny due to new rule: Ray Laird from Bootle, Merseyside, has been playing the National Lottery for 30 ...
mirror.co.uk/news/uk-news/i-won-national-lottery-six-32571231
Team Canada knocks off Team USA, claims gold medal in IIHF Women’s World Championship overtime thriller
theathletic.com/5415387/2024/04/14/usa-canada-world-championship-iihf-gold-medal-game/
Paid articlePaid
Home owners likely to pay higher mortgage rates for a while more, say market watchers
channelnewsasia.com/singapore/homeowners-higher-mortgage-rates-property-real-estate-interest-rates-finance-federal-reserve-4266046
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
- Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.
- Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.
- Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.
- Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
The best time to sell your home in the US is now: If you are selling a home in the U.S., you may wonder when to put it on the market and get the best price.
reuters.com/markets/us/best-time-sell-your-home-us-is-now-2024-04-15/
Architects on two wheels: The ultimate meditation machine : Dave LeBlanc on architects who find motorcycles to be the place where their minds can open up
theglobeandmail.com/drive/culture/article-architects-on-two-wheels-the-ultimate-meditation-machine/
‘They knew’: Victims of sexual abuse by Ontario youth leader sue Anglican Church | Globalnews.ca
trib.al/MXR64sS
After Canada’s mild winter, we should expect the unexpected on climate change: Fires and floods are likely to come this summer. But things are changing quickly ...
theglobeandmail.com/opinion/article-after-canadas-mild-winter-we-should-expect-the-unexpected-on-climate/
Paid articlePaid Harassment investigation leads to weapons, drug charges in Lyndhurst, Ont. - Kingston | Globalnews.ca
trib.al/E8DnTPx
B.C. construction sector seeks support as workers shortage, late payments persist
theglobeandmail.com/canada/british-columbia/article-bc-construction-sector-seeks-support-as-workers-shortage-late-payments/
Paid articlePaid Political interference in Canada’s pension funds is wrong: Ninety-two business leaders have argued that the government should amend the rules governing pension ...
theglobeandmail.com/business/commentary/article-political-interference-in-canadas-pension-funds-is-wrong/
Paid articlePaid The failure of Canada’s health care system is a disgrace – and a deadly one: Our leaders are too afraid to deploy one of the many ideas floating out there to fix ...
theglobeandmail.com/opinion/article-the-failure-of-canadas-health-care-system-is-a-disgrace-and-a-deadly/
Paid articlePaid Grandparent scam: Canadian seniors with landline phones targeted, out about $2.2 million | Globalnews.ca
trib.al/l0JP470
Labour leader urges unions to expose Poilievre’s working-class overtures as ‘fraud’
theglobeandmail.com/politics/article-labour-leader-urges-unions-to-expose-poilievres-working-class/
Paid articlePaid
Should we use savings to pay down mortgage or invest in shares?: Once you get to the point where your mortgage isn’t weighing you down, you can explore other ...
smh.com.au/money/borrowing/should-we-use-savings-to-pay-down-mortgage-or-invest-in-shares-20240416-p5fk5p.html
Métis Nation Saskatchewan pulls support for Liberals’ belaboured self-government bill
theglobeandmail.com/politics/article-metis-nation-saskatchewan-pulls-support-for-liberals-belaboured-self/
Paid articlePaid Gas prices in Ontario, Quebec to jump to highest level in 2 years: analyst | Globalnews.ca
trib.al/Zw1yiYL
Picking a Jury to Try Trump, and What’s Next for Iran and Israel: Plus, the mortgages keeping people stuck in their homes.
nytimes.com/2024/04/15/podcasts/trump-trial-mortgage.html
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up: On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
nyti.ms/3Q2xnlA
Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
Home Renovations Boom Thanks to Higher US Mortgage Rates: Homeowners are staying put, and remodeling everything from bathrooms to kitchens.
bloomberg.com/news/features/2024-04-19/home-renovations-boom-thanks-to-higher-us-mortgage-rates
Paid articlePaid
Alpine Income Property Trust, Inc. (PINE) Q1 2024 Earnings Call Transcript: Alpine Income Property Trust, Inc. (NYSE:NYSE:PINE) Q1 2024 Earnings Conference Call ...
seekingalpha.com/article/4684763-alpine-income-property-trust-inc-pine-q1-2024-earnings-call-transcript
Millennial buys duplex as first home, rental income helps pay mortgage: Dominique Raroha bought a duplex for her first home instead of a traditional apartment or ...
businessinsider.com/millennial-buys-duplex-first-home-rental-income-helps-pay-mortgage-2024-4
The U.S. housing market’s biggest headaches, in five charts: ‘The U.S. housing market is on a different planet than the rest of the world,’ IMF director says
marketwatch.com/story/the-u-s-housing-markets-biggest-headaches-in-five-charts-922d1fc7
The Conners: Dan and Roseanne's Mortgage on the House Still Not Paid?: 'The Conners' Season 6, Episode 8 established that Dan is close to paying off ...
tvline.com/recaps/the-conners-dan-roseanne-house-mortgage-explained-1235201861/
Talks break down between Ontario nurses and long-term care homes: Ontario Nurses’ Association says the long-term care system is ‘teetering on catastrophe’
theglobeandmail.com/politics/article-talks-break-down-between-ontario-nurses-and-long-term-care-homes/
How mounting US debt could trigger the next financial crisis: The US debt is skyrocketing to levels not seen since World War II. Here's how this looming ...
businessinsider.com/debt-crisis-us-economy-federal-reserve-mortgages-credit-bubble-2024-4
Paid articlePaid
Police seek driver after pedestrian killed in Duncan: North Cowichan/Duncan RCMP said the hit and run happened about 9:50 p.m. Thursday on the Trans-Canada ...
timescolonist.com/local-news/police-seek-driver-after-pedestrian-killed-in-duncan-8626035
Nature as nurture: How taking photos of iconic Canadiana helped me heal as I experienced loss
theglobeandmail.com/opinion/article-how-taking-photos-of-iconic-canadiana-helped-me-heal-through-grief/
Hong Kong police officer found guilty of fraud over HK$26 million in mortgages: A Hong Kong court has found a senior police officer guilty of fraudulently ...
scmp.com/news/hong-kong/law-and-crime/article/3259706/hong-kong-police-officer-found-guilty-fraud-over-hk26-million-mortgages
Martin Lewis warns millions of UK drivers of £1,000 fines for annoying £14 rule: The Money Saving Expert founder has warned that 3.6 million UK motorists are at ...
chroniclelive.co.uk/news/cost-of-living/martin-lewis-warns-millions-uk-29024276
Mortgage Rates Pass 7% for First Time in 2024: The average 30-year fixed mortgage rate this week was 7.1%, according to Freddie Mac.
barrons.com/articles/mortgage-rates-pass-7-percent-a68234b4
Paid articlePaid Brits mind-blown after discovering how milk is sold in Canada - and spot issues: Brits are mind-blown after realising how milk is sold at supermarkets in Canada ...
mirror.co.uk/news/weird-news/brits-mind-blown-after-discovering-32618527
Revolut Ireland chief: ‘We are far better than AIB, Bank of Ireland and PTSB’: Maurice Murphy, Revolut’s country lead for Ireland, said he expected Ireland to ...
businesspost.ie/tech-news/revolut-ireland-chief-we-can-be-a-knight-in-shining-armour-for-the-mortgage-market/
Paid articlePaid
How to track your rent payments in Miami — which could lead to a mortgage to buy a home
miamiherald.com/news/business/real-estate-news/article287761160.html
Everything you need to know about closing a bank account in Italy: There are multiple reasons why you may want to close a bank account in Italy ...
thelocal.it/20240419/everything-you-need-to-know-about-closing-a-bank-account-in-italy
Top 10 Inventions Of Ancient Greece Used Today: 'This useful invention takes its origins from the earliest known Perachora wheel, created way back in the third ...
greekcitytimes.com/2024/04/19/top-10-inventions-of-ancient-greece-used-today-2/
Why Rome celebrates its birthday on April 21st: Rome will turn 2,777 years old on April 21st – but what's the history behind the Eternal City's birthday?
thelocal.it/20210421/why-rome-celebrates-its-birthday-on-april-21st
First-time buyers 'win' but homeowners face 'shaky' times amid inflation drop: Property experts have weighed in after the UK inflation rate has dropped to 3 ...
manchestereveningnews.co.uk/news/property/falling-inflation-win-first-time-29010886
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Tree-sitters call for protection of Walbran from logging: The two men made their way about 15 metres up a Douglas fir near Thetis Lake, unfurling a banner that ...
timescolonist.com/local-news/tree-sitters-call-for-protection-of-walbran-from-logging-8621842
Canada's biggest gold heist: Two Indian-origin men among six arrested : At least two Indian-origin men have been arrested during an operation carried out by ...
wionews.com/world/canadas-biggest-gold-heist-two-indian-origin-men-among-six-arrested-712743
The struggle to choose the right mortgage: As interest rates stay higher for longer, those looking to refinance face some difficult choices
on.ft.com/3JpEv7V
How to push for the lowest mortgage rates in a high interest rate world: Mortgage experts say it’s important to do research and negotiate on rates as there’s ...
theglobeandmail.com/investing/personal-finance/article-how-to-push-for-the-lowest-mortgage-rates-in-a-high-interest-rate/
Paid articlePaid UK rental costs rise at record 9.2% : Official figures highlight impact of higher borrowing costs on landlords and tenants
ft.com/content/5ec2740e-5c23-4440-a798-fc5198745d50
Home Sales in March Had Biggest Decline in 16 Months: Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of ...
on.wsj.com/3Q8Iqdf
Equifax Stock Tumbles on Weaker Mortgage Demand. Wall Street Is Still Optimistic.
barrons.com/articles/equifax-stock-tumbles-mortgage-optimistic-a0812fd5
Paid articlePaid
Martin Lewis fan clears mortgage ten years early thanks to 'payment' rule: Mr Lewis' handy tip and trick helped a mortgage holder clear their debt a ...
birminghammail.co.uk/news/cost-of-living/martin-lewis-fan-clears-mortgage-29018079
Economy Struggling With High Interest Rates and Stubborn Inflation: Reports out Thursday showed home sales declined and the economy facing some tailwinds.
usnews.com/news/economy/articles/2024-04-18/economy-struggling-with-high-interest-rates-and-stubborn-inflation
Victoria moves toward banning sheltering in two more parks: City staff have been asked to work with B.C. Housing and other service providers to find alternate ...
timescolonist.com/local-news/victoria-moves-toward-banning-sheltering-in-two-more-parks-8622814
A $9.5 Trillion ESG Investor Group Wants Private Market Reforms: Global ESG investors with $9.5 trillion under management say it’s time to demand more ...
bloomberg.com/news/articles/2024-04-18/a-9-5-trillion-esg-investor-group-wants-private-market-reforms
Where did South Florida homebuyers go? Sales fall by double digits in March: Miami-Dade and Broward saw an annual total home sales drop of about 15% in March ...
miamiherald.com/news/business/real-estate-news/article287773070.html
27 cities where home prices are soaring despite high mortgage rates: Homebuyers are still facing affordability issues since prices and mortgage rates are ...
businessinsider.com/real-estate-housing-market-home-prices-mortgage-rates-home-affordability-2024-4
Mortgage rates hit five-month high, pushing monthly payment close to $3,000 for average-priced home
marketwatch.com/story/mortgage-rates-hit-highest-level-since-november-2023-33a5a659
My mortgage is so high, I’ve been forced to move to our holiday home in Portugal: When we decided to renovate a little house in a quiet village ...
inews.co.uk/inews-lifestyle/mortgage-forced-move-holiday-home-portugal-3012032
Youngkin wants to keep talking on skill games: Gov. Glenn Youngkin still has concerns about legislation to legalize skill games. He thinks an answer could come ...
richmond.com/news/state-regional/government-politics/youngkin-virginia-general-assembly-skill-games/article_cdf4ec72-fda4-11ee-a64a-8762cd3e005c.html
Scientist wants all B.C. sea turtle sightings reported: There has only ever been three confirmed sightings of loggerhead sea turtles in B.C.
timescolonist.com/local-news/scientist-wants-all-bc-sea-turtle-sightings-reported-8616506
My mother-in-law has difficulty paying off $72,000 on her home. What can we do?: ‘She can barely make her mortgage payment as all her income goes towards the ...
marketwatch.com/story/my-mother-in-law-75-has-difficulty-paying-off-her-52-000-mortgage-and-20-000-heloc-should-she-sell-her-home-or-take-out-a-reverse-mortgage-8d7a9e00
'Off the rails': Schoenborn hearing adjourned, lawyer refuses to appear before board
timescolonist.com/local-news/off-the-rails-schoenborn-hearing-adjourned-lawyer-refuses-to-appear-before-board-8617433
Transfer of house to son likely intended to avoid paying damage award, court finds
timescolonist.com/local-news/transfer-of-house-to-son-likely-intended-to-avoid-paying-damage-award-court-finds-8615737
UK house prices reveal another month of growth: Where is best place to buy?: The average price of a home in the UK was £281,000 as of February ...
euronews.com/business/2024/04/18/uk-house-prices-reveal-another-month-of-growth-where-is-best-place-to-buy
VicPD officer defends use of ARWEN gun in fatal shooting of Victoria woman: Asked if the ARWEN — a “less lethal” weapon intended to cause pain but not to kill — ...
timescolonist.com/local-news/vicpd-officer-defends-use-of-arwen-gun-in-fatal-shooting-of-victoria-woman-8617792
Fire Sale On MBS, I'm Locking In Up To 15% Yields: The latest inflation numbers put pressure on the Fed to maintain high interest rates ...
seekingalpha.com/article/4684100-fire-sale-on-mbs-im-locking-in-up-to-15-percent-yields
Paid articlePaid
The 'Silver Tsunami' Meets 'Golden Handcuffs' as Past Low Mortgage Rates Lock in Homeowners — Whether They Like It or Not
entrepreneur.com/business-news/low-rate-mortgages-form-golden-handcuffs-around-homeowners/472717
Interest rates: Borrowers try to second guess Reserve Bank: New data shows borrowers seem to have decided mortgage rates have peaked .
rnz.co.nz/news/business/514555/interest-rates-borrowers-try-to-second-guess-reserve-bank
California Sees Surge in Homeowners Trying to Sell Their Houses: Listings are up in the state amid price increases, according to the California Association of ...
newsweek.com/california-sees-surge-homeowners-trying-sell-their-houses-1891502
Sustaining single-digit mortgage amid tough economic conditions: Monetary Policy Committee retained the Central Bank Rate at 13.0 per cent ...
standardmedia.co.ke/real-estate/article/2001493417/sustaining-single-digit-mortgage-amid-tough-economic-conditions
Nanaimo nurse suspended six weeks, can’t handle opioids alone: The nurse was disciplined for not adhering to standards related to medication administration and ...
timescolonist.com/local-news/nanaimo-nurse-suspended-six-weeks-cant-handle-opioids-alone-8616525
Equifax sees second-quarter revenue below estimates as rates remain high: Credit ratings firm Equifax forecast on Wednesday its second-quarter revenue below ...
reuters.com/business/finance/equifax-sees-second-quarter-revenue-below-estimates-rates-remain-high-2024-04-17/
Victoria police search for teen last seen downtown a week ago: Aidan, 18, was last seen in the 500-block of Yates Street a week ago, and reported missing on ...
timescolonist.com/local-news/victoria-police-search-for-teen-last-seen-downtown-a-week-ago-8617273
Indigenous loan guarantee program could transform resource sector in Canada: Oil and gas projects will be eligible for the loan guarantee program after advocacy ...
theglobeandmail.com/business/article-5-billion-indigenous-loan-guarantee-program-could-transform-resource/
Paid articlePaid
Pottery sherds studies: Focusing on early human occupation of Jordanian wadis: AMMAN — Evidence of human occupation in wadis from the Jordanian central massive ...
jordantimes.com/news/local/pottery-sherds-studies-focusing-early-human-occupation-jordanian-wadis
$247K for a house in California? $2.1M? See latest list of cheapest and priciest counties
sacbee.com/news/california/article287767285.html
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics