TD Securities predicts Bank of Canada will keep key interest rate on hold through 2020
March 15, 2019 - TD Securities is predicting the Bank of Canada will keep its key interest rate on hold through to the end of next year.
The forecast builds on the firm’s forecast last week that the central bank would not hike its key interest rate...
No rate hike, B-20 is “just right” says panel of economists
March 01, 2019 - The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
The Bank of Canada Overnight Rate Survey from global comparison site...
Canadian regulators may review terms of mortgage stress test
February 06, 2019 - TORONTO (Reuters) - Canada will consider changing the terms of a stress test designed to cut out risky mortgage lending if market conditions change, one of the country’s top banking regulators.
Click here to read the full story - we...
Mortgage Professionals Renews Calls to Tweak Stress Test
January 28, 2019 - This is something good to read that the Mortgage Broker Industry is stepping up and voicing the frustrations we all are feeling. Read on to see what the tweak is all about.
Mortgage Professionals Canada has renewed calls for changes to...
5 year fixed mortgages are on there way down.
January 16, 2019 - Royal Bank of Canada has become the first of the major banks to lower its posted interest rate for five-year fixed-term mortgages, a move that has been widely anticipated amid tumbling bond yields.
The bank lowered its featured five-year...
BOC Raises Interest Rate
October 25, 2018 - Bank of Canad has increased the overnight rate to 1.75% which means Prime has increased to 3.95%. In a widely anticipated move, the Bank of Canada (BoC) raised its trend-setting interest rate by a quarter of a percentage point to 1.75 per...
Bank of Canada holds rate steady for now as NAFTA uncertainty weighs
September 05, 2018 - For those of you who have a HELOC or LOC, Prime Rate has stayed the same. BOC has decided to leave the benchmark rate unchanged. See below for more details.
Canada’s central bank left its the official borrowing rate unchanged at...
What's Driving Canadian Homebuyers?
March 14, 2018 - Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC).
Instead, the 2018...
Bank of Canada hikes key interest rate to 1.25%
January 17, 2018 - Well, the BOC has done it for the third time since last summer. The key lending rate has gone up by a quarter percentage point to 1.25 per cent this morning.
The bank's rate has an impact on rates that Canadians get from retail banks for...
How to pay your mortgage off faster
January 05, 2018 - Buying a home is one of the best investments you can make and the best way to build equity.Buying a home is one of the best investments you can make and the best way to build equity. Regardless, your 25 year mortgage amortization period...