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,...
Mortgage News
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...
Why Some Banks Have Lower Mortgage Rates, Despite New Rules
As you may have read, TD Bank recently raised their prime lending rate to 2.85% – 15 basis points higher...
TD Hikes Its Mortgage Prime Rate
TD Canada Trust has quietly increased its mortgage prime rate to 2.85%, which is 15 basis points higher than what...
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