Bank of Canada Update: Holding Its Benchmark Interest Rate
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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 »

TD Canada Trust Hikes Prime Mortgage Rate – What’s Next?
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TD Canada Trust Hikes Prime Mortgage Rate – What’s Next?

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? Continue reading »

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

A Look-Ahead to Canadian Housing Trends for 2017
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A Look-Ahead to Canadian Housing Trends for 2017

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. Continue reading »

No Change in Overnight Lending Rate: Bank of Canada Announcement
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle / Mortgage News / Mortgage Rate Outlook Panel / Mortgages / Mortgages 101 / Personal Finance / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized / Your Budget

No Change in Overnight Lending Rate: Bank of Canada Announcement

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. Continue reading »

To Buy or to Rent: 10 Things to Consider
Banking 101 / Buying A Home / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Mortgage News / Mortgages / Personal Finance / RSM News / Selling Your Home / Uncategorized / Your Budget

To Buy or to Rent: 10 Things to Consider

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. Continue reading »

How Interest Rate Changes Affect Your Variable Rate Mortgage
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How Interest Rate Changes Affect Your Variable Rate Mortgage

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! Continue reading »