2025 Bank of Canada interest rate announcements The scheduled dates for the interest rate announcements for 2025 are as follows: All 2025 Bank of Canada interest rate announcements will take… Read More »2025 Bank of Canada Interest Rate Decisions
It’s a Christmas Gift! As of Dec 11th 2024, Canada’s prime lending rate is now 5.45%! That’s a 50 basis point drop! Canadian Economic Performance and Housing Market Update The Bank… Read More »December 2024: Bank of Canada announces another super-sized interest rate cut
Variable-rate & Adjustable-rate mortgages VRM’s (Variable Rate Mortgage) & ARM’s (Adjustable Rate Mortgages) are based on the prime rate in Canada. This means that the amount of interest you pay… Read More »Mastering Fixed Rate vs. Variable Rate Mortgages: The Ultimate Guide in 2024!
Fixed Rates & Bond Yields: The 3 W’s “The Bank of Canada cut the rate, so my fixed-rate mortgage should drop today, right?” Real Talk: This is a myth. Live… Read More »Fixed Rates & Bond Yields: The 3 W’s
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.)