Mortgage Rate Updates

The Bank of Canada announced today it will be holding its target overnight rate at 0.25%. While today's announcement was cautiously optimistic …

The Bank of Canada announced Wednesday it will maintain its target overnight rate at 0.25%, noting optimism about economic recovery as a result of worldwide vaccination progress.   The target for the overnight rate has been held…

As expected, the Bank of Canada has left its overnight target rate unchanged at 0.25 percent. It’s been maintained at this record low since March 2020, when COVID-19 was first declared a global pandemic to help …

The Bank of Canada announced today it’s keeping its overnight rate steady at a record-low 0.25 percent. While the central bank doesn’t directly set mortgage rates, its trendsetting rate does influence what Canadians pay on variable-rate … Read More

The Bank of Canada has announced it will be keeping its target for the overnight rate at 0.25%, marking almost 12 months since it initially slashed rates in response to the COVID-19 pandemic. The Bank initially … Read More

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.