FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario March 8, 2023 The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global economic developments have evolved broadly in line with …
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FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 25, 2023 The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. Inflation is coming …
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario December 7, 2022 The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also …
Industry Trends Canadian Mortgage Professional reveals the Rising Stars of 2022 Report showcases the industry’s up-and-coming professionals across the country By Fergal McAlinden28 Oct 2022 The ability of new talent to bring innovation, fresh ideas, and a different approach in any industry is clear – and here at Canadian Mortgage Professional, we’re proud to shine a light on …
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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario October 26, 2022 The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is …
There is no doubt about it. COVID-19 is impacting the market. What does this mean for mortgages? Lower Rates! Fixed and variable rates are dropping. This is a great time to renew or refinance. If you’re in a mortgage with a much higher rate, it might be worth breaking your current mortgage. Contact us to …
Mortgage Broker News ~ February 18th, 2020 Minister of Finance Bill Morneau has announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages. Instead of the Bank of Canada 5-Year Benchmark Posted Rate, the new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage …
Globe and Mail ~ December 29th, 2019 Canada’s mortgage market turned heads in 2019. From the plunge in interest rates, to the late-year surge in mortgage growth to the growing influence of online discount mortgage lenders, it was a year of milestones. Looking ahead, 2020 is guaranteed to have its own twists. These are five …
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