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Tag: Benchmark Rate

Bank of Canada Rate Announcement
March 6, 2024Interest Rates, Mortgage News Canada, Variable-Rate

March 6, 2024 Bank of Canada Rate Announcement

Borrowers can relax a little regarding today’s Bank of Canada’s rate announcement. The overnight target rate stayed unchanged at 5.00%. The Bank of Canada is […]

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Bank of Canada Rate Announcement
January 24, 2024January 24, 2024Mortgage News Canada, Mortgage Rates, Variable-Rate

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 […]

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Rate Announcement
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 […]

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December 7, 2022 Rate Announcement
December 7, 2022December 24, 2022Mortgage News Canada, Mortgage Rates

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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Rate Announcement October 26 2022
October 26, 2022November 2, 2022Building a New Home, Buying a New Home, Interest Rates, Mortgage News Canada, Mortgage Rates

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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September 7 2022 Rate Announcement
September 7, 2022Building a New Home, Buying a New Home, Interest Rates, Mortgage News Canada, Mortgage Rates

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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