Mortgage Rate

/Mortgage Rate

Bank Of Canada Maintains Overnight Rate

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday December [...]

By |2017-01-31T18:05:49+00:00December 2nd, 2015|Mortgage Rate|Comments Off on Bank Of Canada Maintains Overnight Rate

Bank Of Canada Stays The Course

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday [...]

By |2017-01-31T18:05:50+00:00March 4th, 2015|Mortgage Rate|Comments Off on Bank Of Canada Stays The Course

Canadians Take On More Debt

You have probably heard the media talking about the pace at which Canadians are taking on more debt and then usually followed by panic around mortgage financing...sounds familiar? Well, Equifax, Canada's largest credit reporting system, released a report and it is calling for vigilance. "When compared to the same quarter last year national consumer demand [...]

By |2017-01-31T18:05:50+00:00March 4th, 2015|Mortgage Rate|Comments Off on Canadians Take On More Debt

Bank Of Canada Holds Steady But Concerned About Housing Market

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday October [...]

By |2017-01-31T18:05:50+00:00October 22nd, 2014|Mortgage Rate|Comments Off on Bank Of Canada Holds Steady But Concerned About Housing Market

New Thinking On BoC Rate Hike

Brokers are anticipating a particularly busy 2014 as clients look to move before the Bank of Canada does, although there’s new thinking on the timing of its long-awaited hike in the overnight rate. "The Federal Reserve calmed potential homeowners and investors by signalling it won’t raise the rate until the economy improves further, which by [...]

By |2017-01-31T18:05:51+00:00January 4th, 2014|Mortgage Rate|Comments Off on New Thinking On BoC Rate Hike

Breaking News: CMHC CEO Appointment

The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer of CMHC for a five-year term effective January 1. "Mr. Siddall brings to the position extensive leadership and senior management experience," Kenney said. "His proven financial and capital markets expertise [...]

By |2017-01-31T18:05:51+00:00October 29th, 2013|Mortgage Rate|1 Comment