Mortgage Blog

Category: Mortgage News (14 posts)

Key Housing Measures from the 2022 Canada Budget

June 2, 2022 | Posted by: Ronice Harrison

The Canadian government is taking on high house prices, housing supply issues and home buyer rights.How might it affect you? Let's look over the main points. Help for First-Time Home Buyers Tax-Free ...

Bank Of Canada Rate Update March 2, 2022

March 2, 2022 | Posted by: Ronice Harrison

Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. ...

Bank Of Canada Rate Update January 26, 2022

January 26, 2022 | Posted by: Ronice Harrison

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Ra ...

2022 Ontario housing market defined in 5 charts

January 13, 2022 | Posted by: Ronice Harrison

Housing prices in Ontario are growing at their highest rates in 40 years. Big changes are happening, and to many experts, it's clear that a new era is dawning for the industry. So, with these incredi ...

Bank Of Canada Rate Update December 9, 2021

December 9, 2021 | Posted by: Ronice Harrison

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at &frac ...

Bank Of Canada Rate Update Oct 27, 2021

October 27, 2021 | Posted by: Ronice Harrison

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, ...

Bank Of Canada Rate Update Sept 8, 2021

September 8, 2021 | Posted by: Ronice Harrison

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound ...

Bank Of Canada Rate Update July 14, 2021

July 14, 2021 | Posted by: Ronice Harrison

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ ...

Low Rates in Ontario Helping Buyers Pay Off Their Mortgages at Record Pace

June 28, 2021 | Posted by: Ronice Harrison

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today's average rates, 61% ...

Bank Of Canada Rate Update June 9, 2021

June 9, 2021 | Posted by: Ronice Harrison

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rat ...

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

June 9, 2021 | Posted by: Ronice Harrison

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Ronice Harrison

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program