Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated …
Is it worth holding onto your current residence as an investment property when you buy new? We’re taking a look at the benefits and drawbacks and questions you need to ask yourself before making the decision.
Just two weeks after TD Canada Trust hiked their prime rate, RBC has announced they’re bumping up their fixed mortgage rates anywhere from 25 to 40 basis points. Read on to find out how much more this may cost you and why fixed rates are rising in the first place.
It’s been a month since the first of the new federal mortgage rules came into effect. Now, RBC has become the second of the five big banks to raise mortgage rates – effective Thursday. How else have these new rules impacted our purchasing power?
TD Canada Trust is the first bank to raise its prime rate for variable rate mortgages since new federal mortgage rules were introduced last month. So is this the beginning of a trend?
As expected, the Bank of Canada is holding the overnight lending rate at 0.5 per cent – where it’s been since July 2015. Read on for the Bank’s revised forecast for the Canadian economy.
Applying for a mortgage? Already own a home? The federal Liberals have announced mortgage changes that will have an impact on homebuyers and homeowners. Read on to find out what these are and how they will affect you.
As 2016 winds down, it appears more and more that U.S. Fed chair Janet Yellen will announce an interest rate hike before we ring in the new year. How would this impact Canadians? Read on to find out more.
It’s time to negotiate your first mortgage – a process which when done correctly can save you tens of thousands of dollars. Here’s what you need to do.
No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.