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My Mortgage Blog — Latest Posts
Bank of Canada raises rates: What it means for your mortgage
For homeowners who have gained some breathing room in their mortgage budgets, today’s Bank of Canada announcement may feel like a setback. The Bank raised its policy rate by a quarter of a...
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The rate didn’t move. Your mortgage strategy still can.
The Bank of Canada held its policy rate at 2.25% this week, leaving borrowing costs unchanged for Canadians with variable-rate mortgages and other products tied to lenders’ prime...
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Canadian inflation reaches 3% as gasoline and travel costs rise
Canada's annual inflation rate rose to 3.0% in July from 2.8% in June, reaching the upper end of the Bank of Canada’s target range. The increase was slightly larger than economists expected and...
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Canada set to grow in different ways
The Canadian economy is poised to grow again, but in a very different way according to the Bank of Canada’s (BoC) recently-released Monetary Policy Report. The BoC expects global economic growth to...
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