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[ad_1] Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are...
[ad_1] A total of three rate cuts passed down from the Bank of Canada since June have cumulatively lowered the cost of borrowing for Canadians by...
[ad_1] For those in that position, as well as those whose mortgages expire in the next 12 months, it’s best to go into the renewal process...
[ad_1] In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year...
[ad_1] Are more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in...
[ad_1] What does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s...
[ad_1] Bond yields have a “positive correlation” with fixed mortgage rates. That means when bond yields go up, so do fixed-rate mortgages, and vice versa. And...
[ad_1] What is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate...
[ad_1] Before locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on...
[ad_1] What to see the difference in a 25-year versus 30 year mortgage? Tap the filter icon on the far right to expand the data fields....
[ad_1] Whether or not a variable-rate mortgage is a good option for you depends largely on market fluctuations. Rates for this type of mortgage are typically...
[ad_1] But if you have some flexibility around where to live, there are cities and neighbourhoods in Canada where homes can be had for less than...
[ad_1] The housing supply issue is improving It comes after some of Canada’s largest cities have seen ballooning home listings in recent months from droves of...
[ad_1] For most Canadians, using a broker is the wisest choice to save money, as they have access to a wider selection of products and should...
[ad_1] Fredericton: Home prices poised to rise with rate cuts Fredericton marks the third and final city where the additional required income to purchase a home...
[ad_1] Between December and January, the benchmark home prices in Port Coquitlam and Coquitlam increased by about 3% and 2%, respectively. In Port Moody, the benchmark...
[ad_1] That’s according to the central bank’s summary of deliberations detailing the discussions governing council members had in the lead-up to the March 6 interest rate...
[ad_1] Following a painful year for the housing market that saw mortgage rates shoot up to just over 8% after years of historically low rates, monthly...
[ad_1] How do interest rates relate to affordability? In an effort to subdue runaway inflation, the Bank of Canada (BoC) has raised the benchmark interest rate...
[ad_1] I don’t expect real estate prices to rise at the same 6.75% rate we have seen over the past 10 years, so instead, let’s say...