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Tag: Prime Lending Rate

Mortgage News
September 4, 2024September 4, 2024Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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, 2024September 4, 2024Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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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April 10, 2024 Bank of Canada Rate Announcement
April 10, 2024April 15, 2024Interest Rates, Mortgage News Canada

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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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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October 25, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

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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July 12, 2023July 12, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement July 12, 2023

The Bank of Canada announced its latest interest rate decision this morning, along with new economic projections. Unsurprisingly, the benchmark rate increased a quarter percent, […]

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June 7, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement June 7, 2023

After 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 […]

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