Bank of Canada hike reaction - Lenders move, Economists speak out, Impact, More

Bank of Canada: reaction to seismic rate increase

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14 July 2022

Top news Bank of Canada: reaction to seismic rate increase The central bank introduced an unexpectedly large rate jump, its biggest since 1998 What do brokers need to know about lawyers? These tips can help you enjoy as fast a closing as possible... Raise the roof on business growth when you add mortgage protection Offering mortgage protection helps you stand out from the competition, provide more holistic advice and deepen your client relationships Manulife Major lenders announce oversized hikes on prime lending rates These came in the wake of the Bank of Canada's 100-basis-point hike, its largest in 24 years The alternative segment and the current rate-rise environment "It's just going to push more and more borrowers into the alternative space as they struggle to qualify with the banks" Building a strong broker/lender relationship What do both need to keep in mind? CMP Top Brokers Power Panel Rate shock raises questions over Bank of Canada's rosy view Perhaps all is not what it seems… Economist: BoC's 100bp leap could be just the beginning The central bank's policy rate is currently right at the midpoint of the institution's "neutral" range CMHC: Housing market activity to decelerate further than expected Progressively higher living and borrowing costs will take their toll, Crown corporation says What impact will the Bank of Canada's rate hike have? It was the most significant leap for 24 years International news "People have already reached breaking point" The cost-of-living crisis has hit – but what can be done about it? Mortgage Professional America unveils Elite Women 2022 Find out more about some of the winners' mortgage journeys and their achievements Bank ratings should withstand housing slowdown – report Mortgage tests show resilience for Australia's major banks How much are house prices rising by in New Zealand? But four regions experienced declines, REINZ data shows CMPTV 5-Star Brokerages: Oriana Financial The company's executives spoke with CMP on what makes it a leading brokerage

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