BMO Archives - Better Dwelling https://betterdwelling.com/tag/bmo/ Canada’s Fastest Growing Real Estate News Source Wed, 13 Dec 2023 15:09:37 +0000 en-US hourly 1 https://i0.wp.com/betterdwelling.com/wp-content/uploads/2016/07/cropped-better-dwelling-flower-logo.png?fit=32%2C32&ssl=1 BMO Archives - Better Dwelling https://betterdwelling.com/tag/bmo/ 32 32 64691831 Canadian Housing Affordability 2nd Worst In History, Recession To Follow: BMO https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/ https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/#respond Wed, 13 Dec 2023 15:09:34 +0000 https://betterdwelling.com/?p=24436 Canadian real estate is rarely this out of reach, and it’s always followed by recession. That was the take from BMO, noting further erosion in the Bank of Canada (BoC) Housing Affordability Index (HAI) in Q3 2023. Higher rates are finally slowing down the pace at which it worsens, but it hasn’t been this bad […]

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]]> https://betterdwelling.com/canadian-housing-affordability-2nd-worst-in-history-recession-to-follow-bmo/feed/ 0 24436 Canadian Mortgage Rates Peaked, Won’t Go Back To 2019 Levels: BMO https://betterdwelling.com/canadian-mortgage-rates-peaked-wont-go-back-to-2019-levels-bmo/ https://betterdwelling.com/canadian-mortgage-rates-peaked-wont-go-back-to-2019-levels-bmo/#comments Mon, 11 Dec 2023 18:48:50 +0000 https://betterdwelling.com/?p=24426 North American interest rate hikes are now largely out of the picture, and rate cuts are the new story. That was the take from BMO after the Bank of Canada (BoC) announced a hold on the 6th, with the US Federal Reserve expected to do the same on the 13th. Now the question on everyone’s […]

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]]> https://betterdwelling.com/canadian-mortgage-rates-peaked-wont-go-back-to-2019-levels-bmo/feed/ 2 24426 Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/ https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/#respond Fri, 08 Dec 2023 16:50:41 +0000 https://betterdwelling.com/?p=24412 Canadians briefly thought the country’s central bank was owning up to, and correcting its mistakes. That pipedream had a bucket of cold water poured on it Thursday, as Bank of Canada (BoC) deputy governor Gravelle’s speech referred to a “long standing housing supply issue.” Adopting a popular but false political narrative didn’t sit right with […]

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]]> https://betterdwelling.com/bank-of-canada-is-pushing-a-false-real-estate-narrative-to-divert-blame-bmo/feed/ 0 24412 Canadian Economy Narrowly Avoids Recession After Data Revision https://betterdwelling.com/canadian-economy-narrowly-avoids-recession-after-data-revision/ https://betterdwelling.com/canadian-economy-narrowly-avoids-recession-after-data-revision/#respond Thu, 30 Nov 2023 17:41:45 +0000 https://betterdwelling.com/?p=24368 The Canadian economy is slowing… or booming. It really depends on when you read the statistics, apparently. Statistics Canada (Stat Can) released real gross domestic product (GDP) data this morning, revealing a sharp contraction in the third quarter. However, it was accompanied by a massive second quarter revision, indicating the economy was performing much better […]

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]]> https://betterdwelling.com/canadian-economy-narrowly-avoids-recession-after-data-revision/feed/ 0 24368 Canadian Mortgage Rates Set To Rise As Yields Go “Higher For Longer”: BMO https://betterdwelling.com/canadian-mortgage-rates-set-to-rise-as-yields-go-higher-for-longer-bmo/ https://betterdwelling.com/canadian-mortgage-rates-set-to-rise-as-yields-go-higher-for-longer-bmo/#comments Fri, 22 Sep 2023 21:52:37 +0000 https://betterdwelling.com/?p=24033 Canadians have seen mortgage interest costs climb sharply, and they’re going to need to get used to it. The Government of Canada (GoC) 5-year bond yield opened at a multi-year high on Friday, hitting levels last seen in 2007. It’s not the only bond yield popping higher, and that means mortgage borrowers should brace for […]

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]]> https://betterdwelling.com/canadian-mortgage-rates-set-to-rise-as-yields-go-higher-for-longer-bmo/feed/ 9 24033 Canadian Real Estate Might Get A Boost From BoC Pause, But It’s Unlikely: BMO https://betterdwelling.com/canadian-real-estate-might-get-a-boost-from-boc-pause-but-its-unlikely-bmo/ https://betterdwelling.com/canadian-real-estate-might-get-a-boost-from-boc-pause-but-its-unlikely-bmo/#comments Thu, 07 Sep 2023 15:43:28 +0000 https://betterdwelling.com/?p=23928 Canadian real estate experts are torn on the impact of the latest central bank move. Last time the Bank of Canada (BoC) paused interest rate hikes, home prices surged. BMO warns not to expect a replay after the latest BoC pause. The economy is in a very different place these days, and most importantly—unlike last […]

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]]> https://betterdwelling.com/canadian-real-estate-might-get-a-boost-from-boc-pause-but-its-unlikely-bmo/feed/ 9 23928 The Global Era of Cheap Credit May Be Over, Home Prices To Adjust: BMO https://betterdwelling.com/the-global-era-of-cheap-credit-may-be-over-home-prices-to-adjust-bmo/ https://betterdwelling.com/the-global-era-of-cheap-credit-may-be-over-home-prices-to-adjust-bmo/#comments Fri, 18 Aug 2023 21:05:45 +0000 https://betterdwelling.com/?p=23815 The era of cheap debt might be over, and it can lead to a big shift for investors. That was the take from BMO Capital Markets, which took a dive into sell-off triggered by rising long-term yields. They found the rising yields aren’t due to rising inflation expectations, but rising real yields across the world. […]

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]]> https://betterdwelling.com/the-global-era-of-cheap-credit-may-be-over-home-prices-to-adjust-bmo/feed/ 3 23815 Canada’s Economy Is Supporting Higher Rates, No Cuts In 2023: BMO https://betterdwelling.com/canadas-economy-is-supporting-higher-rates-no-cuts-in-2023-bmo/ https://betterdwelling.com/canadas-economy-is-supporting-higher-rates-no-cuts-in-2023-bmo/#comments Mon, 03 Jul 2023 18:51:56 +0000 https://betterdwelling.com/?p=23593 What recession? Canada’s economy continues to grow against the forecasts of experts. In a research note to investors, BMO explained they’re making an upward revision to its Canadian gross domestic product (GDP) forecast. Despite climbing interest rates, the economy continues to outperform. That has the bank warning that higher rates will stick around longer than […]

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]]> https://betterdwelling.com/canadas-economy-is-supporting-higher-rates-no-cuts-in-2023-bmo/feed/ 18 23593 Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO https://betterdwelling.com/bank-of-canada-expected-to-hit-market-with-two-more-rate-hikes-bmo/ https://betterdwelling.com/bank-of-canada-expected-to-hit-market-with-two-more-rate-hikes-bmo/#comments Mon, 12 Jun 2023 16:40:30 +0000 https://betterdwelling.com/?p=23512 Higher rates weren’t enough to kill Canada’s economy—they only made it angry. The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead […]

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]]> https://betterdwelling.com/bank-of-canada-expected-to-hit-market-with-two-more-rate-hikes-bmo/feed/ 10 23512 Canadian Real Estate Prices Rip Higher, Rates May Not Be High Enough: BMO https://betterdwelling.com/canadian-real-estate-prices-rip-higher-rates-may-not-be-high-enough-bmo/ https://betterdwelling.com/canadian-real-estate-prices-rip-higher-rates-may-not-be-high-enough-bmo/#comments Mon, 15 May 2023 16:38:45 +0000 https://betterdwelling.com/?p=23395 Canadian real estate prices are back to climbing aggressively just over a year after the correction began. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark, or typical, home surged in April 2023. The unusually large increase observed also happens to be similar in size to increased leverage from falling mortgage […]

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