One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more choice.
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Bank of Canada Rate Announcement Jun 9th, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT APR 21ST, 2021
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program.
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT MAR 10TH, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT JAN 20TH, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT DEC 9TH, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.
Continue reading →BCREA Economics Quarterly Mortgage Rate Forecast
The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic.
Continue reading →BANK OF CANADA RATE ANNOUNCEMENT SEPT 9TH, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit
Continue reading →BANK OF CANADA MAINTAINS OVERNIGHT RATE TARGET AND UNVEILS NEW MARKET OPERATIONS
The necessary efforts to contain the COVID-19 pandemic have caused a sudden and deep contraction in economic activity and employment worldwide. In financial markets, this
Continue reading →BANK OF CANADA LOWERS RATE BY 50 BASIS POINTS
The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is
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