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View this RSS Feed2024-04-11 | 11:28:12
Economic Update - April 2024
The Bank of Canada released their overnight interest rate decision earlier today and as expected, they have left it unchanged at 5.00%, which means that the majority of banks in Canada have their mortgage prime rate at 7.20%. The good news for...
2024-03-07 | 07:15:12
Update ~ March 2024
Yesterday The Bank of Canada held the overnight rate (which affects variable rate mortgages) at the current level, but there are clear signals that the two-year run of higher interest rates is nearing its end. Inflation figures have been receding to...
2023-03-08 | 12:59:31
Economic Update ~ March 2023
Today, the Bank of Canada followed through on their January promise to keep the Overnight Rate (and therefore the Prime Rate) unchanged for a period of time to give the last eight consecutive increases time to work their way through the economy. Most...
2022-12-07 | 10:10:30
Economic Update ~ December 2022
It is no secret to anyone reading this: The Bank of Canada is acting far more aggressively than anyone expected. Several unpredictable issues are at play: the war in Ukraine, supply chain issues worldwide, and good old corporate greed. Back on...
2022-11-08 | 09:10:27
Ontario Housing Market Update
 Let me know if you would like me to send you the link for any other province. https://files.constantcontact.com/849ebb2e701/6a6f1a69-53ea-44af-bff0-fcbabea58d22.pdf  Â...
2022-07-14 | 10:29:01
MORTGAGE UPDATE – JULY 14, 2022
As of 10AM EST on July 13th, the Bank of Canada has increased their Overnight Rate by 1.00% to 2.50%. As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and therefore those payments will be...
