Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler

Posted On Mar 25, 2025

Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying season kicks off. RBC led the charge with aggressive, across-the-board cuts. The bank has trimmed rates on nearly every term, with reductions as deep...

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

Posted On Jan 30, 2025

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.On Wednesday, the major six banks announced they would decrease their prime rates by a quarter...

Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

Posted On Oct 14, 2024

Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.                                                                             With the country...

Economy to grow moderately, rates to fall below three per cent next year: Deloitte

Posted On Sep 26, 2024

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.In the company’s fall economic outlook released Thursday, it forecasts the central bank...

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations

Posted On Sep 18, 2024

The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”Key measures include raising the insured mortgage limit to $1.5 million, which will expand access for Canadians in...

Bank of Canada set to announce third consecutive interest rate cut today

Posted On Sep 04, 2024

OTTAWA — The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut.Encouraged by slowing inflation, the central bank has lowered its policy rate at its last two...