Blog by Barb Pasternak,

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Bank says low interest here to stay

Blog by Barb Pasternak | January 23rd, 2010

"Canada has begun to see a turnaround in its housing market – some would say the beginnings of a housing market bubble – because of historically low interest rates. This week, the Bank of Canada, in its quarterly Monetary Policy Report, suggested that they respectfully disagree. Even more importantly from a real estate perspective, they suggest interest rates will be low for the foreseeable future.

The key concern driving interest rate policy is inflation. Although the Bank feels that inflation will grow in 2010, they do not see it breeching 2% until the fall of 2011....."


Heleen Jacobsen
Broker of Record with InfoMarket Group GMAC Real Estate