Variable or Fixed-Rate Mortgage?
Variable or fixed-rate mortgage? This has been a long-debated topic and a pressing question for many Canadian homeowners. Have you thought about what type of […]
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September 17, 2025 Bank of Canada Rate Announcement
The Bank of Canada has lowered its benchmark interest rate to 2.5%, which in turn has reduced the prime lending rate to 4.7%. “The Bank […]
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March 12, 2025 Bank of Canada Rate Announcement
The Bank of Canada’s rate announcement confirms a reduction in its key interest rate to 2.75%, while the prime lending rate—which impacts variable-rate mortgages, […]
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January 29, 2025 Bank of Canada Rate Announcement
The Bank of Canada has lowered its key interest rate by 0.25% as of January 2025, bringing it down to 3%. As a result, Canada’s […]
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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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October 23, 2024 Bank of Canada Rate Announcement
The Canadian real estate market is undergoing a transformative period, driven by a mix of favourable policy updates and economic changes. On October 23, 2024, […]
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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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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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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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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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