December 11, 2024 Bank of Canada Rate Announcement
On December 11, 2024, the Bank of Canada cut its key interest rate again by 0.5%, making it 3.25%. This change reduces the prime lending […]
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30 Year Amortizations for First-Time Home Buyers
This week, the federal government announced several positive changes to mortgage rules. The measures are intended to make mortgages more affordable for Canadians and put […]
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September 4, 2024 Bank of Canada Rate Announcement
As anticipated by many, the Bank of Canada lowered its benchmark interest rate by 0.25%, bringing it to 4.25%. The prime lending rate is now […]
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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 […]
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June 5, 2024 Bank of Canada Rate Announcement
Variable-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%, […]
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30 Year Amortizations for First-Time Home Buyers
The 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 […]
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April 10, 2024 Bank of Canada Rate Announcement
Once 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 […]
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2023’s Top Mortgage Headlines
As 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 […]
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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 […]
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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 […]
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