• Home Purchase/Buying Basics
    Buying a home is a milestone in everyone's life. It symbolizes that you are independent and have achieved the stability of living a relatively comfortable life. Here are a few things
  • This means a couple of things. The most important thing to realize is that the lender will not just fork over a new, lower interest rate. You will be asked to bring in income documentation
Latest Blog Articles

Bank of Canada Holds Interest Rate Steady

While the anticipations are for the interest rate to go up, Bank of Canada has taken a conservative approach and announced to maintain the overnight lending rate at 1.25%. 

The next interest announcement date is May 30th and we yet to find out whether the rate hike is going to happen.

Bank of Canada Increases Interest Rate

Earlier this morning, BOC has announced interest rate increase by 0.25%.

That means today's prime rate of 3.20% will soon be 3.45% for most banks and financial institutions (TD's prime is 3.35%, will soon be 3.60%).