Bank of Canada reduced the overnight rate by 0.25%, bringing it from 2.50% to 2.25%. Which for most lenders will bring the Prime rate from 4.70% to 4.45% Now remember, this directly impacts those with a Variable/Adjustable Rate Mortgage. This does not directly impact Fixed Rates. For Example: If you have a Home Equity Line of Credit, the rate is typically Prime + .50%. Keeping your rate at 4.95%. Where if you have a Variable/Adjustable Rate Mortgage, it typically ranges from

When you buy a home, you want peace of mind knowing it’s truly yours . Title insurance protects you from unexpected surprises that could...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 2.75% to 2.50%. Which for most lenders will bring the Prime rate...

Bank of Canada chose not  to change rates today. The overnight rate remains at 2.75% with the Prime Rate sitting at 4.95%. Now remember,...

Bank of Canada chose not  to change rates today. The overnight rate remains at 2.75% with the Prime Rate sitting at 4.95%. Now remember,...

Bank of Canada chose not to change rates today. The overnight rate remains at 2.75% with the Prime Rate sitting at 4.95%. Now remember,...

The Smith Maneuver — Explained in Plain English The Smith Maneuver is a legal tax strategy in Canada that helps homeowners turn their...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 3.00% to 2.75%. Which for most lenders will bring the Prime rate...