Canada’s prime rate: Latest updates, trends and historical data
Dec 11, 2024 · The prime rate is the interest rate that commercial banks charge their most creditworthy clients—typically large corporations. In Canada, the prime rate is closely tied to …
Mortgage Rates & Mortgage Broker News in Canada - Home Page
Bank of Canada rate hikes in 2026? National Bank thinks so. 60% of Canadian mortgage renewals to face higher rates by 2026: BoC; Canada’s Secondary Suite Loan Program …
Housing and interest rate forecasts for 2025 - Mortgage Rates ...
Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement …
Two big banks predict 225 bps worth of BoC rate cuts over the …
Oct 21, 2024 · Markets believe the central bank is likely to deliver a “supersized” rate cut this week due to cooling inflation and a weakening job market. If that plays out, both RBC and …
New year, better mortgage rates: Credit tips to get you there
Jan 3, 2025 · Manage your credit utilization ratios. To truly improve your credit score, paying your statement balance in full each month isn’t enough. Instead, aim to pay your balance in full at …
2020 – Year in Review - Mortgage Rates & Mortgage Broker News …
Jan 5, 2021 · As of November, the Canadian Real Estate Association reported an average sale price of $603,000 (up 13.8% from 2020), or $481,000 (+19%) after removing the high-priced …
What the Bank of Canada’s 50-bps rate cut means for borrowers
Oct 23, 2024 · With the Bank of Canada announcing yet another interest rate cut—a half-point reduction this morning—its key policy rate has now fallen to a two-year low of 3.75%. This is …
Canada’s Secondary Suite Loan Program expands to $80,000 loans …
Dec 10, 2024 · Starting in early 2025, the Canada Secondary Suite Loan Program will double the loan limit from $40,000 to $80,000, making it easier for homeowners to finance the creation of …
Bank of Canada cuts rates another 50 bps, bringing more relief to …
Dec 11, 2024 · Fixed-rate mortgages: For homeowners with fixed-rate mortgages, today’s rate cut won’t affect your current payments, as your rate is locked in for the duration of your term. …
Pros and cons of the new federal secondary suite programs
Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% …