In as many weeks, Canadians got another big announcement when it came to mortgages last week, and it may lead some to think, what's next? After the federal government announced surprise changes to amortization and maximum purchase prices for insured mortgages a couple weeks ago, the Office of t...
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30.09.24 07:17 PM - Comment(s)
As expected by many, the Bank Of Canada announced this morning that it was cutting the policy interest rate by 25 basis points from 5% to 4.75%. Most lenders are expected to follow suit and cut their prime rate by an equal amount, meaning most will now be at 6.95%.
This was the first...
05.06.24 08:50 PM - Comment(s)
