The prime rate at all Big Six banks is currently identical. That’s because each bank bases its prime rate on the Bank of Canada’s overnight lending rate. When the overnight rate rises or falls, so does prime.
How Canadian and U.S. mortgages respond differently to federal rate cuts If you have both a Canadian and U.S. mortgage and have seen federal interest rate cuts both sides of the border, you may wonder why Canadian mortgage rates have come down while U.S. mortgage...
» MORE FOR CANADIAN READERS: Mortgage rates in Canada About the author Holden Lewis Holden is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards. See full bio. Helpful resources Mortgage Interest Rates Forecast How much house ca...
02/07/2019 [-] Mortgage rates tumble to 4.41 percent, a 10-month low 01/31/2019 [-] U.S. average mortgage rates edge up; 30-year at 4.46 percent 01/22/2019 [-] Mortgage rates are cut in January sale as banks slice interest rates ...
Going into spring we anticipate fixed rates will decline slightly, and variable rates to remain the same as the Bank of Canada continues to pause further rate hikes. According to the Canadian Real Estate Association (CREA), sales activity rose 2.3% month-over-month, however the number of ...
Canadian housing starts forecasted to dip - Canada Mortgage and Housing Corporation forecast - Industry Trend or Event - Brief Article
I will also ensure that you're getting the best rates and terms. Even if you've already been pre-approved for a mortgage by your bank or another financial institution, you're not obliged to stop shopping! I can investigate on your behalf to see if there is an alternative to better suit...