Tags » Variable Rate Mortgages

Bank of Canada slashes key rate as economy contracts, exports stall

The Bank of Canada is cutting its key interest rate for the second time this year, citing a larger-than-expected first half contraction and a “puzzling” stall in non-energy exports. 737 more words


Financing a New Home

Purchasing a new home can be very costly. Fortunately for us, we can turn to the bank for a mortgage loan to help us out. Mortgage loans allow us to pay for a home in installments. 479 more words

Loan / Mortgage / Finance

What is best? Fixed Rate or Variable Rate Mortgages

Fixed-rate mortgages have gained an edge over variable-rate mortgages given the improving economy and attractive offers on longer-term deals, says a new report from economists at one of Canada’s big banks. 723 more words

Bank of Canada says no rate hikes, but possible rate drops!!

  Last week, the Bank of Canada governor, Stephen Poloz, held the first of 8 scheduled meetings to set the Target Rate.    This is the rate used to set the Bank Prime rate which currently sits at 3.00%.   645 more words

Mortgage News

Real estate sales up 21% and 52% due to end of low fixed rates.

August real estate resale numbers are in….  and what a jump!  Up 21% in the Greater Toronto Area and an incredible 52% in Vancouver.   And here’s another interesting stat.   636 more words

Mortgage News

Time to look at Variable Rates again.

With fixed rates up around 0.60% over the last 4 weeks (currently at around 3.49%.. there are some lower rates but these come with conditions so we are using the more widely available rate… 768 more words

Mortgage News

New Mortgage Rates Continue To Fall – Is Funding For Lending The Cause?

Latest Bank of England figures show that rates for 2, 3 and 5 year fixed rates are continuing to fall, month on month, as they have been since 1 August 2012. 271 more words