Rate Announcement January 25, 2023
The Bank of Canada has raised its overnight target rate by 25 basis points, bringing it to 4.50%. This will drive the prime rate to […]
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Top 2022 Mortgage Headlines
As a homeowner with a mortgage, staying updated on mortgage headlines is essential. I want to share with you a few of the top Canadian […]
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Rate Announcement December 7, 2022
On Dec 7, 2022, the Bank of Canada made another increase to the policy interest rate. Prime went up another half a percent, bringing the […]
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What to Do With Your Variable-Rate
The Bank of Canada has made six increases to the policy interest rate over the past year. Prime went up another 0.5%, in October, bringing […]
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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 […]
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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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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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How are Mortgage Rates Calculated?
You may have heard that mortgage rates are on the rise. This impacts new home buyers, homeowners with mortgage renewals, and those who have a […]
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Soak Up Savings With Low Mortgage Rates This Summer!
It looks like it will be a great summer now that Alberta’s Open for Summer Plan has begun (and the weather has been amazing!) Hopefully, after an […]
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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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