Today, the Bank of Canada made its eighth scheduled and presumably final interest rate decision of 2021.
No change was expected and no change was made to the benchmark rate, but the capital markets were on high alert for signs of changes to come next year and clues as to when.
For a report on what the Bank of Canada had to say about the current state of the economy and future interest rate increases, please refer to First National’s Executive Summary.
With Canada’s job growth exceeding expectations – November marked the sixth straight month of employment growth – and interest rates perhaps as good as they are ever going to be, it is logical to expect another good start for the housing market in 2022.
As you serve your clients, please know that First National stands ready to serve you with the mortgage products, services and technology you can trust now and throughout 2022. |