The Bank of Canada is holding its benchmark interest rate steady at 0.5 per cent. The rate has been held there for more than a year. The Bank says there’s still too much uncertainty to raise rates – particularly due to the new U.S. president being sworn in this week.
For the first time this year and for the second time in almost a decade, the U.S. Federal Reserve is raising its key interest rate. The central bank announced it is increasing its benchmark rate by 25 bases points, to a still-low range of…
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 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 less than three months until we begin a brand new year. So what will Canada’s housing markets look like in 2017? We go over the biggest factors at play as well as what we can expect in the home design department.
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.
If you live in the country’s hottest housing markets and are on the fence about whether to buy a home or to rent, we’re here to help you make your decision! Read on to find out the benefits of each and what lifestyle factors you need to consider for each option.
Fixed rate mortgages are pretty straightforward, but a variable rate mortgage depends on the Bank of Canada’s overnight lending rate. So what happens if that rate should change? Read on to find out!
The challenges continue for prospective homebuyers in Toronto and Vancouver, with skyrocketing prices, a dwindling supply in detached homes and no overnight rate hike in sight. Read on for the latest messages and advice from experts to find out what’s best for you.
As expected, the Bank of Canada has decided to keep the overnight lending rate at 0.5 per cent. Read on for more on how this will affect your mortgage and the factors behind keeping the status-quo.