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Tag: Mortgage News

Rate Announcement April 12, 2023
April 12, 2023April 13, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement April 12, 2023

On April 12, 2023, the Bank of Canada announced that it would maintain its key interest rate. The overnight target rate remains at 4.5%, keeping […]

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March 8, 2023April 13, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement March 8, 2023

For the first time in a year, the Bank of Canada has left its overnight target rate unchanged. The overnight target rate remains at 4.5%, […]

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January 25, 2023 Rate Announcement
January 25, 2023April 13, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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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June 1, 2021 New Mortgage Stress Test
May 21, 2021January 2, 2022Mortgage Guidelines, Mortgage News Canada

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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