This morning, September 4, 2024, the Bank of Canada announced another decrease to their policy interest rate by 25 basis points from 4.50% to 4.25% offering more relief to Canadian consumers. This is the rate used by the big banks to determine their prime lending rate. Therefore Prime Rate should be lowered to 6.45% in […]

Is your mortgage coming up for renewal? Do you know about all the incredible options renewing your mortgage can afford you? If not, I have all the details here on how to make your mortgage renewal work for you as we start to think about 2024. Get a Better Rate Are you aware that when […]

BREAKING NEWS: Bank of Canada has left its key interest rate unchanged For the first time in a year, the Bank of Canada has lefts its overnight target rate unchanged, keeping it at 4.50%. In a statement released this morning, the Bank noted, “Global economic developments have evolved broadly in line with the outlook in […]