As of October 23rd 2024, Canada’s prime lending rate is now 5.95%! That’s a 50 basis point drop! The bond yield on the 22nd was trending upwards for no apparent… Read More »October 2024: Exciting 50-Point Bank of Canada Announcement
Get ready for some exciting changes to mortgage default insurance rules, effective December 15th, 2024! These updates are designed to make homeownership more accessible for a wider range of buyers. Higher… Read More »Big News for Homebuyers! Default Insurance Rules Are Changing!
As of Sept 4th Canada’s prime lending rate is now 6.45%! The Sept 4th rate announcement has been kind to us – variable rate holders, rejoice! This is means you… Read More »Are you ready for the Sept 4th Bank of Canada Rate Announcement?
Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps of easing by the end of 2025, lowering… Read More »Will the Bank of Canada Deliver another 1.75% of Rate Cuts by the end of 2025?
2025 Interest Rate Announcement Schedule Bank of Canada
British Columbia is an expensive province, but we did find the cheapest cities to live in BC.
(Hint: we looked beyond Vancouver.)
The recent interest rate cut by the Bank of Canada has the potential to revolutionize your financial situation. This move, the first since March 2022, represents a pivotal moment in the central bank’s… Read More »June 5th Rate Cut and How It Helps Your Wallet
Well colour me surprised Bank of Canada … The central bank said on Wednesday morning that it was lowering its trendsetting interest rate, which leads variable mortgage rates in Canada,… Read More »June 5th 2024 Bank of Canada rate announcement
The Bank of Canada has held interest rates in place for a sixth consecutive time, leaving its policy rate unchanged even as speculation continues to grow around a timeline for… Read More »Bank of Canada April 10th 2024 Rate Announcement
In 2024, the province of British Columbia is set to introduce significant changes to the property transfer tax that will have a notable impact on first-time home buyers. One of… Read More »Changes to Property Transfer Tax in British Columbia in 2024