Variable Rates up another 0.75%
Bank of Canada has raised their overnight rate by 0.75%, bringing it to 3.25%. Which for most lenders will likely increase their Prime...
Variable Rates Rise Again
Bank of Canada has raised their overnight rate by 1.00%, bringing it to 2.50%. Which for most lenders will likely increase their Prime...
Another Variable Rate Increase
Bank of Canada has raised their overnight rate by 0.50%, bringing it to 1.50%. Which for most lenders will likely increase their Prime...
Variable Rate Increases Again
April 13, 2022 Bank of Canada has raised their overnight rate by 0.50%, bringing it to 1.00%. Which for most lenders will likely increase...
Variable Rate Increase
March 2, 2022 Bank of Canada has raised their overnight rate by 0.25%, bringing it to .50%. Which for most lenders will likely increase...
Bank of Canada decides NOT to increase rates today!
Bank of Canada has maintained the overnight rate of 0.25%. We have not seen a change in this rate since March 2020 The Bank of Canada...
CMHC Reverses Changes Made to Underwriting
CMHC Admits mistake in changing their underwriting policies Last year, in response to the economic uncertainty driven by the COVID-19...
Mortgage Stress Test Rate Increase
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Mortgage Stress Test Rate Decreased
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
What you should consider before purchasing a home?
Mortgage Payments are often the most obvious thing we think about when looking for a house. But you may also want to consider the...