Overnight Rate at a Standstill

The Bank of Canada’s overnight rate remains unchanged at 1.75%, as anticipated by professionals and speculators alike. The Central Bank has insisted in recent announcements that continued rate hikes would be necessary but has now halted any movement, for the...

Variable-Rate Mortgages Best Bet for Owners

The interest rate on a variable-rate mortgage changes to reflect the Bank of Canada’s overnight rate. Recently more and more mortgage owners have switched to variable-rate options in order to save money. In fact, according to Canada Mortgage and Housing...

No Change in Overnight Rate

The Bank of Canada’s overnight rate of 1.75% will remain unchanged as of the Bank’s announcement on December 5th. After several past hikes, why is the Bank standing pat now? “The global economic expansion is moderating largely as expected,”...

Fort McMurray Mortgage Relief Options

I have spent most of my day on the phone with clients and friends who have been either evacuatedĀ from their homes, or have lost their homes to the flames. The wildfire in Fort McMurray has been absolutely devastating to the entire Fort McMurray community, and the...