At the third announcement of 2025 and after seven reductions in a row the Bank of Canada today decided to hold the overnight rate. Prime will stay at 4.95%. The next scheduled date for announcing the overnight rate target is…
At the second announcement of 2025 and for the seventh announcement in a row the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 4.95%. The next scheduled date for announcing the overnight rate target…
At the first announcement of 2025 and for the sixth announcement in a row the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 5.20%. The next scheduled date for announcing the overnight rate target…
At the eighth(last) announcement of 2024 and for the fifth time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 5.45%. The next scheduled date for announcing the overnight rate target is…
At the seventh announcement of 2024 and for the fourth time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 5.95%. The next scheduled date for announcing the overnight rate target is…
Effective Dec 15, 2024, the price cap for Insured mortgages will be raised from $1,000,000 to $1,500,000. This will allow buyers the ability to purchase a home over $1,000,000 without having a 20% down payment. Also, previously only for first…
At the sixth announcement of 2024 and for the third time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 6.45%. The next scheduled date for announcing the overnight rate target is…
At the fifth announcement of 2024 and for the second time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 6.70%. The next scheduled date for announcing the overnight rate target is…
At the fourth announcement of 2024, the Bank of Canada today has finally decided to reduce the overnight rate which means Prime will fall to 6.95%. The next scheduled date for announcing the overnight rate target is July 24, 2024….