Variable Rates Hold Steady!
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 Mortgage Duo
Apr 16, 2025
Another 0.25% Rate Decrease!
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...
The Mortgage Duo
Mar 12, 2025
Rates down 0.25%!
Bank of Canada reduced the overnight rate by 0.25%, bringing it from 3.25% to 3.00%. Which for most lenders will bring the Prime rate...
The Mortgage Duo
Jan 29, 2025
Another 0.50% Decrease!!
Bank of Canada reduced the overnight rate by 3.75%, bringing it from 3.75% to 3.25%. Which for most lenders will bring the Prime rate...
The Mortgage Duo
Dec 11, 2024
Rates reduced by 0.50%!!
Bank of Canada reduced the overnight rate by 0.50%, bringing it from 4.25% to 3.75%. Which for most lenders will bring the Prime rate...
The Mortgage Duo
Oct 23, 2024
Another Rate Reduction!
Bank of Canada reduced the overnight rate by 0.25%, bringing it from 4.50% to 4.25%. Which for most lenders will bring the Prime rate...
The Mortgage Duo
Sep 4, 2024
Rates have come down once again!
Bank of Canada reduced the overnight rate by 0.25%, bringing it from 4.75% to 4.50%. Which for most lenders will bring the Prime rate...
The Mortgage Duo
Jul 24, 2024
Bank of Canada has finally reduced Rates!
Bank of Canada reduced the overnight rate by 0.25%, bringing it from 5% to 4.75%. Which for most lenders will bring the Prime rate from...
The Mortgage Duo
Jun 5, 2024
STILL no change in variable rates...Holding Steady!
Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada...
The Mortgage Duo
Apr 10, 2024
No Change to Rates Today!
Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada...
The Mortgage Duo
Mar 6, 2024