Bank of Canada signals a slowdown of rate hikes
On October 26th, the Bank of Canada increased the overnight rate by 0.50% to 3.75%. The increase came in lower than the market
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Category: Mortgage News
What the Bank of Canada Increase Means For You
In today’s announcement, the Bank of Canada increased its overnight rate by 0.75% to 3.25%, its fifth consecutive hike in its campaign to
CMHC Tightens Mortgage Rules
Obtaining an insured mortgage is about to become more challenging on July 1st, particularly for first time home buyers. Canada Mortgage and Housing Corporation
Mortgage Rates Are On The Rise Despite the Latest Bank of Canada Rate Cut
On March 27th 2020, the Bank of Canada made their second emergency inter-meeting rate cut. The key lending rate has now fallen from 1.75%
What You Need to Know About Mortgage Deferrals
Deferred mortgage payments are discretionary Lenders maintain the legal right to timely repayment of their mortgages and mortgage payment deferral programs are offered at
The Latest COVID-19 Mortgage Developments
Rates on the Rise Fears over the COVID-19 pandemic and plummeting oil prices have caused mortgage rates to plummet to multi-year lows over the
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Fixed vs. Variable: Choosing the right mortgage as interest rates rise
