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Bank of Canada does not increase overnight rate, Prime will remain at 3.95%

  • January 9, 2019
  • /
  • Newsworthy

The Bank of Canada has decided not to increase the overnight rate today. Prime will remain at 3.95%. The next scheduled date for announcing the overnight rate target is March 6, 2019. Press release  

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Bank of Canada does not increase overnight rate, Prime will remain at 3.95%

  • December 5, 2018
  • /
  • Newsworthy

The Bank of Canada has decided not to increase the overnight rate today. Prime will remain at 3.95%. The next scheduled date for announcing the overnight rate target is January 9, 2019. Press release  

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Bank of Canada increases overnight rate, Prime will rise to 3.95%

  • October 24, 2018
  • /
  • Newsworthy

The Bank of Canada has decided to increase the overnight rate today. Prime will now increase to 3.95%, up from 3.70%. The next scheduled date for announcing the overnight rate target is December 5, 2018. Press release  

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What is the better choice, FIXED or VARIABLE?

  • October 3, 2018
  • /
  • Uncategorized

  Here is a look at what has happened over the last 25 years.

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Bank of Canada maintains overnight rate, Prime will remain at 3.70%

  • September 5, 2018
  • /
  • Newsworthy

Great news for all the variable rate mortgage holders. The Bank of Canada announced this morning that they will not raise the overnight rate which means Prime will remain at 3.70%. You can start your happy dance now. The next…

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Bank of Canada increases overnight rate, Prime will rise to 3.70%

  • July 11, 2018
  • /
  • Newsworthy

The Bank of Canada has decided to increase the overnight rate today. Prime will now increase to 3.70%, up from 3.45%. The next scheduled date for announcing the overnight rate target is September 5, 2018. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 3.45%

  • May 30, 2018
  • /
  • Newsworthy

Great news for all the variable rate mortgage holders. The Bank of Canada announced this morning that they will not raise the overnight rate which means Prime will remain at 3.45%. You can start your happy dance now. The next…

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Bank of Canada raises qualifying rate to 5.34%

  • May 10, 2018
  • /
  • Newsworthy

The Bank of Canada is raising its conventional mortgage 5-year qualifying interest rate from 5.14 to 5.34 per cent. Press release  

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FCAC warns Banks are not there to look after your best interest

  • May 1, 2018
  • /
  • Advice

In a recent CBC Go Public article, the Financial Consumer Agency of Canada (FCAC) deputy commissioner Brigitte Goulard said she “can understand” why bank employees and customers might feel disappointed by the regulator’s report. “The bank environment is a sales…

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Bank of Canada maintains overnight rate, Prime will remain at 3.45%

  • April 18, 2018
  • /
  • Newsworthy

Great news for all the variable rate mortgage holders. Prime will remain at 3.45%. You can start your happy dance now. The next scheduled date for announcing the overnight rate target is May 30, 2018. Press release  

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mortgagesbycraig.com

2 days ago

mortgagesbycraig.com

Good news for variable rate mortgage holders! Bank of Canada did not change it's overnight lending rate which means Prime will remain the same. ... See MoreSee Less

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
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mortgagesbycraig.com

7 days ago

mortgagesbycraig.com

Have you ever heard of a “Deck Beaver”? An energetic species that appears to run away when approached by humans. Somewhat larger than the conventional beaver; with a larger head and smaller tail. ... See MoreSee Less

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mortgagesbycraig.com

1 week ago

mortgagesbycraig.com

In the past we use to gather in large numbers to celebrate the music. If you have 10min to spare watch one song from a Toto concert. Should put a smile on your face. wecreatehappiness.ca ... See MoreSee Less

Toto - Africa

Toto - AfricaToto: 40 Tours Around the Sun"Für mich sind Toto die besten Musiker auf dem Planeten", sagt Gitarrist Eddie Van Halen. 1978 erscheint ihr Debüta...

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mortgagesbycraig.com

2 weeks ago

mortgagesbycraig.com

The Office of the Superintendent of Financial Institutions (OSFI) is opening consultations today on a proposal to uncouple the uninsured mortgage stress test from the Bank of Canada’s posted 5 year rate, and instead set it at the greater of the mortgage contractual rate plus 200 basis points or 5.25%. The proposed change would effectively increase the qualifying floor from today’s 4.79% by 46 basis points.

This is not a good thing and our membership , Mortgage Professionals Canada will be addressing our concerns to OFSI at their earliest convenience.

In the event you or someone you know are considering purchasing(with 20% down or more) or refinancing a home it might be better to act sooner rather than later.
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mortgagesbycraig.com

3 weeks ago

mortgagesbycraig.com

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