Recent rate cuts to both prime and fixed mortgage rates will likely have clients considering both fixed and variable rates. Which one will prove to be the best option?
Finance Minister Joe Oliver has said he will not interfere with the housing market – or force banks to lower their interest rates, despite the Bank of Canada’s announced rate cut.
The big banks’ decision to lower their prime rates – but not fully match the mark set by the Bank of Canada – was about balancing the economy, according to one bank analyst.
The Bank of Canada’s surprise interest rate cut last week will “keep the real estate party going” and "add new life to the housing market", according to experts.
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The Bank of Canada lowers interest rates and mortgages get cheaper, right? Not necessarily.
Collapsing oil prices and a weakening economy are pushing markets to start pricing in a potential interest rate cut by the Bank of
Canada this year.
Harold Gerstel, who works behind a metal security cage at his cash-for-jewelry shop in Toronto’s Lawrence Manor neighborhood, has found another way to make money: arranging mortgages.
Canada’s dollar sank the most in more than three years after the central bank unexpectedly cut interest rates
The biggest news wasn’t the rate cut; it was the way in which the central bank implemented it