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
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…
The Bank of Canada is raising its conventional mortgage 5-year qualifying interest rate from 5.14 to 5.34 per cent. Press release
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…
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
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 April 18, 2018. Press release
On October 3, 2016 the government of Canada announced that they were going to implement changes to the mortgage industry. These changes would take effect a few weeks later. To say these changes were a surprise would be an understatement….
The Bank of Canada has decided to increase the overnight rate today. Prime will now increase to 3.45%, up from 3.20%. The next scheduled date for announcing the overnight rate target is March 7, 2018. Press release