News that may be of interest
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
Great news for all the variable rate mortgage holders. Prime will remain at 3.20%. You can start your happy dance now. The next scheduled date for announcing the overnight rate target is January 17, 2018. Press release
An informative article that does a good job explaining the impending mortgage rule changes. Click here
Great news for all the variable rate mortgage holders. Prime will remain at 3.20%. You can start your happy dance now. The next scheduled date for announcing the overnight rate target is December 6 2017. Press release
The Office of the Superintendent of Financial Institutions Canada (OSFI) has thrown down the gauntlet once again. If you were planning on purchasing real estate with a down payment of 20% or more, you might want to consider doing it…
The Bank of Canada has decided to increase the overnight rate today. Prime will now increase to 3.20%, up from 2.95%. The next scheduled date for announcing the overnight rate target is October 25, 2017. Press release
This article has some good insight on what may become reality. One thing for sure, current mortgage rates are still at historical lows. If you are thinking about purchasing real estate, now might be better than later. http://www.bnn.ca/realtors-brace-for-next-mortgage-crackdown-amid-shadow-banking-fear-1.827890