Annual Recap: Mortgage Rates and Mortgage Trends in 2011
Mortgage News / Mortgages

Annual Recap: Mortgage Rates and Mortgage Trends in 2011

If you’ve been carrying a variable rate mortgage, 2011 has been a great year for you. The Bank of Canada held their target for the overnight rate at 1% all year long and subsequently none of the major banks change their prime rates, currently steady at 3%. This resulted in no change to monthly payments for variable mortgage holders, and those of you on Prime – 1% are very lucky! Continue reading »