Category National

Bank of Canada – Rate Watch

Last Wednesday, the Bank of Canada announced that they would not be adjusting their prime lending rate and that the prime lending rate would remain at 3%. This will have a direct impact on any variable rate mortgage(s), secured line(s) of credit, or personal line(s) of credit that you may have. CPI (Consumer Price Index) inflationRead More

Bank of Canada – Rate Watch December 05, 2013

Hello Everyone, Bank of Canada holds rate steady Yesterday, the Bank of Canada announced that they would not be adjusting their prime lending rate and that the prime lending rate would remain at 3%. This will have a direct impact on any variable rate mortgage(s), secured line(s) of credit, or personal line(s) of credit thatRead More

Banks Hike Mortgage Rates

2 weeks after the CMHC cooling measures Mortgage rates are on the rise. It’ll be interesting to see how Canadians handle the record debt load now that rates are beginning to normalize. Falling prices in some areas of the country may be on the horizon. http://www.theglobeandmail.com/report-on-business/economy/rbc-hikes-mortgage-rates/article13900832/