Category Archives: Interest Rates

Don’t jump the gun locking into a fixed-rate mortgage

With mortgage rates likely about as low as they can go, it may seem like a sure bet to lock into a fixed rate. But as a homeowner you should focus less on rates and more on the bigger issues of affordability, eligibility and most importantly, maintaining good credit. A fixed mortgage is locked in…
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Experts predicting interest rates to increase next year.

RBC Economics published its latest Canadian housing market forecast last week. It calls for activity to ease as interest rates rise next year, but it sees little chance of a severe correction.  RBC predicts that the Bank of Canada will begin to raise interest rates in the second half of next year and that the…
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The Pros and cons of the Bank of Canada’s interest rate cut.

In slashing its key interest rate to 0.5%, the Bank of Canada is aiming to boost both consumer spending and business investment by providing cheaper access to capital. But the rate cut could also pose some risks to the country’s economy. MORTGAGE DEBT: Variable-rate mortgage holders could get some relief as Canada’s big banks move…
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Big banks cutting prime rates!

Canada's biggest banks have started passing on some - but not all - of the Bank of Canada's recent rate cut. They have dropped their Bank prime rate by 0.15%, not the exact amount as the 0.25% Bank of Canada's rate drop. Original article from: www.globalnews.ca
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