On Wednesday the Bank of Canada made a big cut to interest rates. They lowered the key borrowing rates by half a percentage point. Experts said this could help boost Canada’s slow housing market. The central bank’s policy rate is now 3.75 percent. Wednesday’s decision is the fourth time in a row that interest rates … Read more
The Bank Of Canada Maintains Its Interest Rate At 5 Percent, As Anticipated At a Glance The Bank of Canada has decided to keep its benchmark interest rate at five percent, as the Canadian economy shows signs of cooling. The bank has raised the rate 10 times since early 2022 to slow down runaway inflation … Read more
Breaking Mortgage News & RBC-HSBC Deal At a Glance Mortgage providers in Canada have been reducing fixed mortgage rates in response to a sharp decline in bond yields. Over a dozen national mortgage providers have dropped their rates by 10 to 30 basis points, with most rate changes concentrated in the 3- to 5-year terms. … Read more
Market Participants Are Anticipating An Initial Rate Cut As Soon As April 2024 At a Glance A survey of economists and analysts conducted by the Bank of Canada shows that many expect the bank’s first rate cut to happen by April 2024. Respondents expect a 25 basis point cut in April, with rates falling by … Read more
The Bank of Canada 5% Rate Hold at a Glance The Bank of Canada has decided to keep interest rates unchanged for the second time in a row, but expressed ongoing concerns about inflation risks and price pressures. The overnight target rate remains at 5.00%, and the Bank acknowledged that monetary policy is effectively curbing … Read more
Today, I am going to talk about How To Qualify For A Mortgage in BC. 4 Things to check. How to Qualify For a Mortgage in British Columbia Learn how to qualify for a mortgage in BC – Buying a house is one of the most important decisions you will ever make. Making sure you … Read more
What is the Mortgage Stress Test in Canada? Today, I am going to talk about what is the mortgage stress test in Canada. What is the Mortgage Stress Test in Canada? The federal government has put in place a mortgage stress test in Canada in an effort to help Canadians manage debt loads. The result … Read more