Rate Announcement March 8, 2023
For the first time in a year, the Bank of Canada has left its overnight target rate unchanged. The overnight target rate remains at 4.5%, […]
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Rate Announcement January 25, 2023
The Bank of Canada has raised its overnight target rate by 25 basis points, bringing it to 4.50%. This will drive the prime rate to […]
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Proposed Mortgage Changes
New proposed mortgage changes may affect how much a person can qualify for in the near future. Find out if the new proposed rules will […]
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Top 2022 Mortgage Headlines
As a homeowner with a mortgage, staying updated on mortgage headlines is essential. I want to share with you a few of the top Canadian […]
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Rate Announcement December 7, 2022
On Dec 7, 2022, the Bank of Canada made another increase to the policy interest rate. Prime went up another half a percent, bringing the […]
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Rate Announcement October 26, 2022
As expected, the Bank of Canada made another increase to the policy interest rate last week. Prime went up another 0.5%, bringing the prime lending […]
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Rate Announcement September 7, 2022
The Bank of Canada delivered the fifth consecutive interest-rate hike to slow Canada’s economy and drag inflation down. The key rate increased by 0.75 percent, […]
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Bank of Canada Rate Increase
The Bank of Canada has increased their overnight rate by a full percent, to 2.50% from 1.50%. The rate increase was to be expected, but […]
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Questions About The Bank of Canada’s Rate Increase
Once again, The Bank of Canada has raised its overnight target rate by a half-point, bringing it to 1.50%. A few influencing factors are the […]
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Stricter Mortgage Rules on Rental Properties
Are you thinking about buying a rental property? Canadians may be facing stricter mortgage rules geared towards investment properties. Learn how these proposed rules could […]
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