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Bank of Canada Rate Increase - June 1st 2022

2022-06-06 | 08:34:59  The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT).Inflation globally and in Canada continues...
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2022-06-06 | 08:34:59

How Mortgage Penalties Are Calculated

2022-06-06 | 08:28:07 If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can expect will happen: you can expect to pay a higher interest rate over the remainder of your term and could end up...
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2022-06-06 | 08:28:07

Bank of Canada Rate Increase

2022-04-13 | 12:03:00 As many predicted, this morning the Bank of Canada announced that it is increasing the overnight lending rate by 0.50% in an effort to control the soaring inflation rate. What does this mean for the Canadian consumer?Expect Banks and Lenders to...
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2022-04-13 | 12:03:00

Annual Mortgage Check up

2022-04-11 | 08:51:22 Spring is a great time to consider doing an annual mortagge check up.Organizing a quick mortgage review each year can help provide peace of mind and ensure you are on track to your future goals while still ensuring you're able to manage the...
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2022-04-11 | 08:51:22