Bank of Canada Rate Hold

Bank of Canada Rate Hold

The Bank of Canada (“BOC”) announced today that it is holding its target for the overnight rate at the “effective lower bound” of 0.25%. Cameron Strong, CEO, Invis Mortgage Intelligence notes that “Canadian mortgage holders can expect no further rate...
Important Update

Important Update

To say the last couple of weeks have been chaotic, would be an understatement. It’s an unsettling time for most people and we are all trying to navigate through with the best of our knowledge and ability. In the mortgage world we have also had some big changes. I...
Breaking News: Bank of Canada drops key rate another 50 basis points

Breaking News: Bank of Canada drops key rate another 50 basis points

BREAKING NEWS: The Bank of Canada drops the key rate another 50 basis points (0.5%)! This is unprecedented territory for interest rates. In at least 10 years, the BoC has never lowered it’s rate twice in the same month and definitely never for a total of 1%. For home...