mortgage rate
June 6th, 2022 The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising…
Interest Rate Announcement: 0.5% Hike and More Measures to Come June 1st, 2022 Bank of Canada Interest Rate Announcement Raises It Another 0.5% on June 1 This morning’s interest rate announcement by the Bank of Canada reveals another 50-basis-point hike to the key rate, bringing it up to 1.5 per cent. This is the third in a…
The Bank of Canada’s latest interest rate announcement has been trending since its last announcement six weeks ago – and for good reason. The big banks often follow the Bank of Canada’s lead when it comes to setting their interest rates for mortgages, home equity lines of credit and other loans. While the Bank didn’t…
Owning a home is a keystone of wealth… both financial affluence and emotional security.