Mortgage Rate Updates

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

In its last rate announcement of the year, the Bank of Canada said Wednesday it’s holding its overnight lending rate at 1% amid below-target inflation and the “evolution of the risks and uncertainties” around international trade … Read More

Following back-to-back interest rate hikes, the Bank of Canada announced Wednesday it’s taking a breather and holding its overnight lending rate at 1%. After nearly seven years of ultra-low interest rates, the country’s central bank raised … Read More

The Bank of Canada is forging ahead on tightening monetary stimulus, announcing Wednesday morning it’s raising its benchmark lending rate by a quarter of a percentage point from 0.75% to 1%. This is the second time since July that … Read More

Canada’s era of ultra-low interest rates is coming to an end. The Bank of Canada announced Wednesday morning it’s hiking its trendsetting overnight rate by a quarter of a percentage point to 0.75%, the first time … Read More

The Bank of Canada announced this morning it’s keeping its target overnight lending rate at 0.5%. Canada’s central bank hasn’t moved its trendsetting rate since July 2015, but despite growing economic optimism (oil prices have rebounded, … Read More

In its regularly scheduled interest rate announcement, the Bank of Canada said Wednesday morning it’s keeping its overnight lending rate at 0.5%. Although cautiously optimistic about Canada’s growth into 2018-19, there’s “still considerable uncertainty about the outlook,” … Read More