Bank of Canada Increases Policy Interest Rate
The 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 moreCategory: Mortgage News Canada
June 1, 2021: New Mortgage Stress Test
It came as a surprise yesterday to hear that the minimum qualifying rate for ALL (insured & uninsured) mortgages will increase on June 1st. The […]
Read more
How Long Can Interest Rates Stay Low?
It’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 […]
Read more