BCREA’s Mortgage Rate Forecast, September 2017

Since BCREA’s second quarter forecast, their projected rise in mortgage rates has occurred and accelerated, as the Bank of Canada surprised with a 25-basis point increase in July and then again in September.

Highlights of the third-quarter report include:

  • 5-year fixed mortgage rates hit three-year high
  • Rapid economic growth, but still no sign of inflation
  • Bank of Canada tightening, but how quickly?

For more information, you can read the full Mortgage Rate Forecast for September 2017.