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 moreThe 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 moreVariable-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 moreThe government has announced some new changes to mortgage rules that will help first-time home buyers. 30 Year amortizations are returning for first-time home buyers […]
Read moreOnce again, the Bank of Canada’s rate announcement brings stability to the financial landscape. The overnight target rate remains unchanged at 5%, leaving the prime […]
Read moreAs we enter 2024, let’s dive into the top mortgage headlines influencing homeowners and prospective buyers in Canada. Interest Rate Rollercoaster: One of the top […]
Read moreWe 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 moreHere’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 moreThe 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 moreAfter 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 moreOn 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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