Bank of Canada Announcement: Ultra Low Rates to Stay as Economy Recovers from COVID-19 Impact
The Bank of Canada opted to keep its trend-setting interest rate at 0.25% in April. Here's what that means for...
Mortgage News
CMHC Announces Updates To Insurance Criteria Starting July 1, 2020
On Thursday, June 4 2020, Canada Mortgage and Housing Corporation (CMHC) announced new, tighter mortgage borrowing criteria that will apply...
Bank of Canada Maintains Overnight Rate at 0.25 Per Cent; Unveils New Credit Support Programs
The Bank of Canada (BoC) chose to maintain its overnight lending rate at 0.25 per cent in their April announcement,...
Bank of Canada Cuts Rate to 0.25% In Emergency COVID-19 Measure
The Bank of Canada (BoC) has made another unscheduled rate cut, slashing its Overnight Lending Rate by 50 basis points...
Bank of Canada Makes Emergency Rate Cut, Stress Test Changes Delayed, Due to COVID-19
The Bank of Canada (BoC) has announced an emergency rate cut to its trend-setting Overnight Lending Rate, as the Canadian...
Easier Mortgage Stress Test Rate to Come in April
Good news is on the way for those getting into the housing market this spring – it’s going to become...
RBC Cuts 5-Year Fixed Mortgage Rate
Last week, Royal Bank of Canada lowered its posted five-year fixed rate from 3.89% to 3.74%. It was the first...
Tougher OSFI Mortgage Rules to Come in January
Thinking of applying for a mortgage? You now have until January 1st before new rules, designed to make it tougher...
No Change – or Mention of Home Capital – in Bank of Canada May Announcement
The Bank of Canada (BoC) stuck with status quo in its May announcement, opting to leave its trend setting Overnight...
Bank of Canada Holds Breath Amid U.S. Trade Talks
The Bank of Canada is holding its breath, waiting to see how trade negotiations and skirmishes play out below the...
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