Montreal Mortgage Rate Outlook for 2022 & 2023

Montreal Mortgage Rate Outlook for 2022 & 2023

Montreal Mortgage Rate Outlook for 2022 & 2023 show that long-term government bond rates have risen from 0.3% to 1.0% since January.

Following the Bank of Canada’s  (BoC) May announcement, it confirmed in June that it might start raising short-term interest rates in late 2022, as a result of a brighter outlook for the Canadian economy.

5-year mortgage rates are expected to continue rising, although their current low by historical standards.

Forecasters anticipate the economic recovery will not gain full traction until late 2021 or 2022. With the surge of the Delta Variant, we will have to closely watch and see.

Short-term variable interest rates are not expected to fall any further. The Bank of Canada says it will keep variable interest rates low until the economy has recovered and inflation has reached roughly 2 percent.

Fixed rates are currently near record lows but they are rising. As mortgage rates rise, they reduce homebuying budgets.

Both the real estate and stock markets will be affected by rising interest rates. For now, inventories are still on the low side. The buying and price hikes seem to have abated a bit over the summer as many people have decided to travel or get away from everything. There is much debate as to whether we’re in a long term or short term inflationary cycle. Some commodities like lumber and copper have come down from their peaks.  https://tradingeconomics.com/commodity/lumber  We will have to follow any future developments closely to spot new trends.

 

Data source & Charts vis David Stroud – Mortgage Sandbox

Posted Canadian Mortgage Rates

Posted 5-year variable rate, 3-year fixed rate, and 5-year fixed rate.

Fixed 5-year Mortgage Rate Forecast to 2021

No Description

Variable 5-year Mortgage Rate Forecast to 2021

No Description

Effect of Higher Morgage Rates via David Stroud

Bank of Canada Historical Target Rate

GoC 5-year Bond Rate Forecast to 2021

Forecast of the 5-year Government of Canada Bond Yield from 2019 through to the end of 2020. 5-year fixed mortgage rates are tied directly to the yields on government bonds so analyzing economist forecasts of bond rates help predict where mortgage rate

Bank Rate Forecast to the end of 2021

Forecast of the Bank Rate set by the Bank of Canada from 2019 through to the end of 2020. The Bank of Canada carries out monetary policy by influencing short-term interest rates. It does this by raising and lowering the target for the overnight rate. Th

GoC 5-year Bond Rate Forecast to 2021

Forecast of the 5-year Government of Canada Bond Yield from 2019 through to the end of 2020. 5-year fixed mortgage rates are tied directly to the yields on government bonds so analyzing economist forecasts of bond rates help predict where mortgage rate

Metro Montreal Home Price Forecast

Two-year Forecast of Metro Calgary home prices.

P-S Island of Montreal House

Purchases, Sales and Active Listings

List Metro Montreal Sub-markets

Regional Sub-markets Ranked by a 2-month average of median House Price

Metro Montreal has a population of roughly 4.3 million and was ranked 41 of the best 100 cities in the world. Check out the Best Cities Report

 

 

Bonnie Meisels
[email protected]
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