No surprises here: Bank of Canada holds target rate at 4.5% in April
Ratehub » Mortgages
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1y ago
The Bank of Canada opted to leave its Overnight Lending Rate untouched at 4.5% for the second time in a row today, further committing to its ..read more
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2023 Federal Budget: What it means for your mortgage
Ratehub » Mortgages
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1y ago
The government unveiled their 2023 Federal Budget yesterday, a $497-billion plan that focuses heavily on healthcare and green technology incentives ..read more
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More borrowers than ever are turning to private mortgages
Ratehub » Mortgages
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1y ago
As interest rates have steadily increased over the past year, it's created financial hardship for many existing mortgage borrowers, as well as ..read more
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The buyers are back: GTA home sales up 44% in March
Ratehub » Mortgages
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1y ago
Spring weather is right around the corner and, with it, the possibility of a real estate sellers’ market, as the latest housing market numbers ..read more
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April 6, 2023 Mortgage Memo: Strong job numbers could challenge rate hold plans
Ratehub » Mortgages
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1y ago
Memo 1: Strong job numbers could challenge rate hold plans Central banks have been toiling for the past year to reign in stubbornly high inflation ..read more
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March 17, 2023 Mortgage Memo: Bond yields fall on global banking instability
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1y ago
Memo 1: Bank defaults mean bond yields – and fixed mortgage rates – are dropping There’s nothing like a black swan market event to turn the tables ..read more
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Bank of Canada holds target Overnight Rate at 4.5% in March announcement
Ratehub » Mortgages
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1y ago
The Bank of Canada made good on their vow to stabilize rates today, maintaining their benchmark cost of borrowing at 4.5%. This “conditional ..read more
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March 10, 2023 Mortgage Memo: February job numbers raise rate hold doubts
Ratehub » Mortgages
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1y ago
Memo 1: Strong job numbers could complicate rate hold plans This Wednesday, the Bank of Canada officially put its target Overnight Lending rate ..read more
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Silicon Valley Bank: How Canadian mortgage borrowers may be impacted
Ratehub » Mortgages
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1y ago
It’s being called the biggest American banking downfall since the 2008 financial crisis – and it could spell lower mortgage rates for Canadian ..read more
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Housing Market Update: A February uptick for GTA home prices and sales
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1y ago
The Greater Toronto Area housing market is continuing to show the evidence of a steep correction, as the February numbers reveal sales are down ..read more
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