September 4, 2024 Bank of Canada Rate Announcement
As anticipated by many, the Bank of Canada lowered its benchmark interest rate by 0.25%, bringing it to 4.25%. The prime lending rate is now […]
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July 24, 2024 Bank of Canada Rate Announcement
The Bank of Canada lowered its benchmark interest rate to 4.50% today, which was expected. The prime lending rate is now 6.7%, putting us back […]
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April 10, 2024 Bank of Canada Rate Announcement
Once again, the Bank of Canada’s rate announcement brings stability to the financial landscape. The overnight target rate remains unchanged at 5%, leaving the prime […]
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March 6, 2024 Bank of Canada Rate Announcement
Borrowers can relax a little regarding today’s Bank of Canada’s rate announcement. The overnight target rate stayed unchanged at 5.00%. The Bank of Canada is […]
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The Rise of Short-Term Fixed-Rate Mortgages in Canada
While 5-year terms remain the preferred choice for many Canadians, there’s a noticeable uptick in interest towards short-term fixed-rate mortgages. Let’s dive into how your […]
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2023’s Top Mortgage Headlines
As we enter 2024, let’s dive into the top mortgage headlines influencing homeowners and prospective buyers in Canada. Interest Rate Rollercoaster: One of the top […]
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Rate Announcement December 6, 2023
The Bank of Canada announced it will keep its key interest rate at 5%, with the Bank Rate at 5¼%. This decision will keep the […]
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Rate Announcement October 25, 2023
We can all relax once more with today’s rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5% for […]
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Rate Announcement September 6, 2023
Here’s the scoop on the most recent rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5%. This decision […]
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Rate Announcement July 12, 2023
The Bank of Canada announced its latest interest rate decision this morning, along with new economic projections. Unsurprisingly, the benchmark rate increased a quarter percent, […]
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