Mortgage Rate Updates

The Bank of Canada today (March 27 2020) announced that it is lowering its target for the overnight rate by 0.50%, to 1.25%.

The Bank of Canada today (March 13 2020) announced that it is lowering its target for the overnight rate by 0.50%, to 1.25%.

The Bank of Canada today (March 4 2020) announced that it is lowering its target for the overnight rate by 0.50%, to 1.25%.

The Bank of Canada has maintained its overnight rate at 1.75%, as of January 23rd 2020.

The Bank of Canada announced Wednesday its benchmark interest rate will rise by a quarter percentage-point to 1.75 per cent. The Bank of Canada prime rate is now 3.95% Analysts widely predicted a rate hike due … Read More

Reiterating its “gradual” approach to raising interest rates, the Bank of Canada announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “Global economic activity remains broadly on track with the bank’s April forecast. … Read More

Higher interest rates are a matter of when, not if, but Canada’s central bank announced Wednesday it’s holding its overnight lending rate at 1.25%. “Higher interest rates will be warranted over time, although some monetary policy … Read More

Canada’s central bank announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be … Read More

Recent upticks in mortgage rates have current and potential homebuyers fretting. But are current mortgage rates really that unaffordable? We looked back through the years at historical trends to put today’s current rates in context. And … Read More

After weeks of will-they-won’t-they speculation, the Bank of Canada announced Wednesday morning it’s raising its overnight lending rate by a quarter of a percentage point to 1.25%. “Recent data have been strong, inflation is close to … Read More