Does a lower prime rate change anything for you?
Does a lower prime rate change anything for you? On Tuesday the Bank of Canada met and lowered the target for the overnight lending rate by 0.25% to 0.25%. Full press release from Bank of Canada is here. For all those currently on variable rate mortgages this is likely good news. One will either enjoy [...]
What is my mortgage penalty?
What is my mortgage penalty? With where interest rates are and have been for the past few months, there has been growing interest, no pun intended, around if people who are currently in a mortgage should pay their penalty, break their term, and try to get a lower fixed rate for their mortgage. Many people [...]
Vancouver variable rate mortgage no change later this month?
Vancouver variable rate mortgage no change later this month? The Bank of Canada is set to sit down later this month on the 21st to decide what they want to do, if anything, with the target for the overnight lending rate which is currently at 0.50%. As you can see there is still some room [...]