mortgage-rates

Discover how to find the perfect mortgage lender with our comprehensive guide. Learn expert tips on comparing rates, understanding fees, and getting pre-approved to navigate the mortgage maze with ease.

Discover how the Bank of Canada's interest rate decisions impact your mortgage choices. Stay informed for smart homebuying decisions.

Buying a home or refinancing? Discover the ins and outs of working with a mortgage broker in this informative blog post. We answer the most common questions, from what a broker does to finding the right one for your needs. Make your homeownership journey smoother and more cost-effective with these essential insights.

On October 26, 2022 the Bank of Canada announced another 0.5% increase to the overnight rate, and by extension prime rate. This will impact variable rate mortgages, lines of credit, and plenty of other types of lending. Ryan discusses the short term implications, and what's anticipated to follow in the coming months.

Hey everyone!  Since the start of the Covid-19 crisis, this has been an absolutely crazy year for all of us, including everyone involved in the financial sector. Canada's central bank has continued to drop it's policy rate as the crisis has evolved, in hopes of mitigating some of the economic destruction this crisis and lockdown has caused. They've now reached an 'overnight rate' of just 0.25%. This is the rate that influences the 'Prime Rate' that banks offer their customers for...

Well that was unexpected... Here we go again!  Here's the highlights: For everyone wondering how this will impact current mortgage rates, here's the highlights: This is ANOTHER 0 .5% drop to the bank of Canada's 'overnight rate'. The 'overnight rate' is a rate that is used to influence bank's/lender's 'Prime Rate', which is used to calculate variable mortgage rates. Because the bank's 'Prime Rate(s)' will likely drop AGAIN (read: should drop), we will see that...

October 24 2018. Bank of Canada raises overnight rate again, leading to prime rate increases.

Rate update for the Bank of Canada, May 30th 2018.

As widely anticipated by economists, the Bank of Canada (BoC) has left its trendsetting policy rate at 1.25 per cent. Canada's central bank, however, expressed optimism about the economy picking up some speed in the April-to-June period after growth slowed down to 1.3 per cent in the first three months of ...