June 4, 2025 Bank of Canada Rate Announcement
The Bank of Canada left its policy rate unchanged at 2.75%. This was a bit of a surprise because economists have predicted a few more […]
Read moreCategory: Mortgage News Canada
April 16, 2025 Bank of Canada Rate Announcement
After seven straight rate cuts, the Bank of Canada kept its key interest rate steady at 2.75%. While the prime lending rate—which impacts variable-rate mortgages, […]
Read more
March 12, 2025 Bank of Canada Rate Announcement
The Bank of Canada’s rate announcement confirms a reduction in its key interest rate to 2.75%, while the prime lending rate—which impacts variable-rate mortgages, […]
Read more
January 29, 2025 Bank of Canada Rate Announcement
The Bank of Canada has lowered its key interest rate by 0.25% as of January 2025, bringing it down to 3%. As a result, Canada’s […]
Read more
December 11, 2024 Bank of Canada Rate Announcement
On December 11, 2024, the Bank of Canada cut its key interest rate again by 0.5%, making it 3.25%. This change reduces the prime lending […]
Read more
October 23, 2024 Bank of Canada Rate Announcement
The Canadian real estate market is undergoing a transformative period, driven by a mix of favourable policy updates and economic changes. On October 23, 2024, […]
Read more
30 Year Amortizations for First-Time Home Buyers
This week, the federal government announced several positive changes to mortgage rules. The measures are intended to make mortgages more affordable for Canadians and put […]
Read more
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 […]
Read more
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 […]
Read more
June 5, 2024 Bank of Canada Rate Announcement
Variable-rate mortgage holders are celebrating, having awaited this day since the first rate hike 27 months ago. The overnight target rate was cut to 4.75%, […]
Read more