Happy 150th Canada! Mortgage rates are going up. Hooray! Ok, yes, I’m being sarcastic. This isn’t the cheery message you wanna hear if you have a mortgage coming up for … Continue Reading Mortgage rates going up a little.. for now. What should you do?
The Bank held their third, of eight, scheduled meetings this week. As widely predicted, the Bank of Canada announced that it is holding the key rate steady. While noting that … Continue Reading Enjoy the low rates..No rate hike with Bank of Canada
Mortgage rate outlook 2017.. Expect Fixed mortgage rates to go up…Expect Variable rate pricing to drop.
Fixed mortgage rates have increased by about 0.40% in the last 6 weeks. Today’s 5 year fixed rates are at around 2.89% and will could continue to go up in … Continue Reading Mortgage rate outlook 2017.. Expect Fixed mortgage rates to go up…Expect Variable rate pricing to drop.
This week, the Bank of Canada Governor, Stephen Poloz, held rates steady. No increase or decrease. click here for BoC report. The Bank of Canada meets 8 times a year, … Continue Reading Mortgage Brief…Bank of Canada doesn’t change rate..
Last month, the US Fed Reserve Bank Chairperson, Janet Yellen, raised rates for the first time since 2006. Historically, Canada follows the US with rate movement.. However, times are … Continue Reading US Fed rate hike doesn’t mean Bank of Cda rate hike!