No Change in Overnight Lending Rate: Bank of Canada Announcement
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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 »

Is The Canadian Housing Market Headed For a 25 Per Cent Crash?
Mortgage News / Mortgages

Is The Canadian Housing Market Headed For a 25 Per Cent Crash?

Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices? Continue reading »