Mortgage Rates Archives | The Mortgage Centre

December 6, 2023December 6, 2023Building a New Home, Buying a New Home, Interest Rates, Mortgage News Canada, Mortgage Rates

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 […]

October 25, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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 […]

September 6, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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 […]

July 12, 2023July 12, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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, […]

June 7, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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 […]

May 30, 2023Financial Tips, Interest Rates, Mortgage Rates

Factors That Impact Mortgage Rates

If you are planning on purchasing a home or need to renew your existing mortgage, it is essential to understand the variables that influence mortgage […]