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Today, the Bank of Canada announced that they are maintaining the current prime rate of 6.70% and overnight rate of 4.50%. This marks the first
In the 2022 Budget, the Government of Canada proposed the introduction of the Tax-Free First Home Savings Account (FHSA), a new registered plan to help
Today, the Bank of Canada announced that they are increasing key interest rates by 25 basis points. The overnight rate is now 4.5 per cent
Canada’s inflation rate decreased to 6.3 per cent in December, the lowest level since February 2022. This comes after a 6.9 per cent inflation rate
In an effort to control housing supply, newcomers to Canada are now prohibited from purchasing a residential property for a period of 2 years. It
Original Source: CMP After some of the most dramatic years on record for the mortgage community in Canada, agents and brokers are gearing up for
For many who are new to Canada, homeownership is the ultimate goal goal. It enables families to literally and symbolically set down roots in Canada.
The History of Canadian Mortgage Rule Changes are listed below. It’s not as easy as it once was to obtain a mortgage in Canada with
Today, the Bank of Canada announced that they are increasing key interest rates by 0.50%. This brings the Bank Prime Rate in Canada to 6.45%.
Tracy and her team are here to help. Apply online or contact us today and allow us to help you along your journey in life. We will always provide sound financial advice on the best options for your mortgage.