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 […]
Read moreAs 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 […]
Read moreThe 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, […]
Read moreThe 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 […]
Read moreOnce 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 […]
Read moreAre you thinking about buying a rental property? Canadians may be facing stricter mortgage rules geared towards investment properties. Learn how these proposed rules could […]
Read moreThe Bank of Canada has raised its overnight target rate by a quarter-point, bringing it to 0.50%. This is the first step of potential further […]
Read moreIt came as a surprise yesterday to hear that the minimum qualifying rate for ALL (insured & uninsured) mortgages will increase on June 1st. The […]
Read moreIt’s essential to understand all the elements that affect mortgage rates in Canada. Here’s some insight into what interest rates are forecasted to do. On […]
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