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 …
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.
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 Bank of Canada has left the cost of borrowing unchanged in its April announcement, as low oil prices counter tepid economic improvements. How will this impact the economy – and YOUR mortgage rate? Read on to learn more.
Can fiscal policy help the economy? Economists expect the Liberal government to step up with increased spending – but will it be enough? Read on for our breakdown.