Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is March 10, 2021. Press release
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is January 20, 2021. Press release
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is December 9, 2020. Press release
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is October 28, 2020. Press release
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is September 9, 2020. Press release
COVID-19 initiates a change with CMHC’s underwriting
Yesterday afternoon, CMHC announced changes to its mortgage insurance underwriting and acceptance criteria. Effective July 1, the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance: The maximum gross debt service (GDS) ratio drops from…
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is July 15, 2020. Press release
Bank of Canada maintains overnight rate, Prime will remain at 2.45%
The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is June 3, 2020. Press release
(Unscheduled) Bank of Canada reduces overnight rate by 0.50%, Prime may drop to 2.45%
The Bank of Canada has decided to reduce the overnight rate today in an unscheduled announcement. Prime may drop to 2.45% (previously 2.95%). Great news once again for variable rate mortgage holders. The next scheduled date for announcing the overnight…