Canada's 30-Year Mortgages Seen Helping Small ‘Sliver' of Market [BNN Bloomberg (Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
bmo.com/main/about-bmo/banking/investor-relations/home
Company Research
Source: BNN Bloomberg
“It's not a needle-mover; it's not a game-changer,” Ryan Berlin, senior economist at Vancouver-based real estate firm Rennie, said in a phone interview. “The first-time home buyer segment of the market is really small, and then the presale — the new-home segment of the market — is also small.” The relaxation of Canada's mortgage rules — announced Thursday by Finance Minister Chrystia Freeland to ease the country's housing affordability problems — may increase the attainable purchase price for first-time buyers by roughly 6%, according to estimates from Berlin and his colleagues. However, new homes are often relatively more expensive and are subject to a 5% goods and services tax, which would offset most of the policy's benefit, he added. Read More: Canada Opens Mortgage Market to 30-Year Loans for Homebuyers Still, the policy stands to affect builders' approach to new construction, Berlin said. “Certain developers may see the biggest impact in a positive way,” he said. If the
Show less
Read more
Impact Snapshot
Event Time:
BMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BMO alerts
High impacting Bank Of Montreal news events
Weekly update
A roundup of the hottest topics
BMO
News
- The Future of Food: Global Food and Agriculture Trends and Outlook BMO Hosts 19th Farm to Market | Chemicals Conference in New YorkPR Newswire
- Endeavour Reports Q1-2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Endeavour Reports Q1-2024 Results [Yahoo! Finance]Yahoo! Finance
- 3 TSX Stocks You Can Confidently Buy Now and Hold Forever [Yahoo! Finance Canada]Yahoo! Finance Canada
- Posthaste: Canadians putting off plans to buy a home until the Bank of Canada cuts rates [Financial Post (Toronto, Ontario, Canada)]Financial Post
BMO
Earnings
- 2/27/24 - Beat
BMO
Analyst Actions
- 3/20/24 - Barclays PLC
BMO
Sec Filings
- 5/3/24 - Form FWP
- 5/3/24 - Form FWP
- 5/3/24 - Form FWP
- BMO's page on the SEC website