Bank of Canada Update: Holding Its Benchmark Interest Rate
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101 / RSM News / Taxes

Bank of Canada Update: Holding Its Benchmark Interest Rate

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 … Continue reading »

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized

Bank of Canada Holds Key Rate Following Mortgage Changes, Revises Economic Outlook

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. Continue reading »

New Federal Mortgage and Real Estate Rules Announced
Buying A Home / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized

New Federal Mortgage and Real Estate Rules Announced

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. Continue reading »

Why the New Mortgage Rule Changes Won’t Have a Huge Impact
Mortgage News / Mortgages

Why the New Mortgage Rule Changes Won’t Have a Huge Impact

Yesterday was a very busy day as the Finance Minister finally showed his hand and outlined what mortgage regulation changes he is implementing in his efforts to try and cool down the housing market, after months of speculation. However, it seems that these changes won’t have a huge impact on the mortgage market. Flaherty and … Continue reading »