No surprise this morning from the Bank of Canada, which I had earlier predicted. The main reasons cited for not increasing rates are: 1. Risks of inflation are “roughly balanced”.… Read it »
Mirror, mirror, on the wall! Who’s got the clearest crystal ball? (I doubt it’s me, but here goes) The Bank of Canada is not going to raise rates tomorrow. Not… Read it »
Now that the federal government has made some changes to the mortgage qualification rules it seems to have created more certainty in the mortgage world, so we’re seeing some pricing… Read it »
The last week or so has seen a huge increase in the number of articles being written about mortgage policies in Canada. Everyone seems to have an opinion on everything… Read it »
For the first time in quite awhile we’ve just had a lender (TD Canada Trust) drop their 7 year fixed rate below 5 percent, at 4.95%. The 10 year rate… Read it »
With interest rates at record lows, it might be tempting to consider a 10-year fixed rate. After all, at the current rate of 5.35%, that number is significantly lower than… Read it »
