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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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 […]
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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 […]
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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 […]
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