TORONTO, January 21,
2010 – The Bank of Canada has signalled that its
trend-setting interest rate will likely remain unchanged until at
least the middle of this year.
“Recent comments from the Bank of Canada suggest little urgency
to raise interest rates, given still weak demand in the U.S. and a strong
Canadian dollar,” said Sal Guatieri, Senior Economist, BMO Capital
Markets. “The central bank’s steady hand on the interest
rate tiller could keep mortgage rates low well into the usually strong
spring home selling season.”
BMO Bank of Montreal experts have insights into the housing market given
the current market conditions, and are available to answer top-of-mind
questions including:
- What should new homeowners be looking for in a mortgage:
fixed or variable?
- What does this means for prospective home buyers?
- What are the benefits of buying vs. renting?
- What does this
mean for mortgage rates - which are near historic lows today - and
Canadians who are contemplating buying ahead of the
busiest part of the real estate season?
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