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 moreCategory: Mortgage Rates
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
January 24, 2024 Bank of Canada Rate Announcement
The Bank of Canada announced today that its key overnight interest rate will remain at 5%. This means the prime lending rate will remain at […]
Read more
Rate Announcement December 6, 2023
The Bank of Canada announced it will keep its key interest rate at 5%, with the Bank Rate at 5¼%. This decision will keep the […]
Read more
Rate Announcement October 25, 2023
We can all relax once more with today’s rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5% for […]
Read more
Rate Announcement September 6, 2023
Here’s the scoop on the most recent rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5%. This decision […]
Read more
Rate Announcement July 12, 2023
The Bank of Canada announced its latest interest rate decision this morning, along with new economic projections. Unsurprisingly, the benchmark rate increased a quarter percent, […]
Read more
Rate Announcement June 7, 2023
After hitting pause on rates, the Bank of Canada decided to increase their overnight target rate today to 4.75 percent from 4.5 percent. The prime […]
Read more