Tag: Interest Rates

Too Early For Rate Decrease: Bank of Canada

Bank of Canada Cuts Target Interest Rate By 0.25%

The Bank of Canada’s decision to lower its key lending rate by a quarter point to 4.75% today is welcome news for many borrowers.

Although the impact of a single rate cut is limited, it signals the start of the central bank’s easing cycle, with more rate cuts anticipated later this year and into the next.

Mortgage Interest Rate Cuts In June?

Mortgage Interest Rate Cuts In June?

February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.

Too Early For Rate Decrease: Bank of Canada

Too Early For Rate Decrease: Bank of Canada

The Bank of Canada’s Governing Council is hesitant to pinpoint when they might begin easing interest rates, as indicated in the summary of discussions from their January 24 meeting.

High Ratio Mortgages and Mortgage Default Insurance

High Ratio Mortgages and Mortgage Default Insurance

A high ratio mortgage is where the borrower’s down payment is less than 20% of the property’s purchase price. In Canada, such mortgages require insurance because they are considered higher risk and necessitate “default insurance” coverage.

Too Early For Rate Decrease: Bank of Canada

Bank of Canada Cuts Target Interest Rate By 0.25%

The Bank of Canada’s decision to lower its key lending rate by a quarter point to 4.75% today is welcome news for many borrowers.

Although the impact of a single rate cut is limited, it signals the start of the central bank’s easing cycle, with more rate cuts anticipated later this year and into the next.

READ MORE
Mortgage Interest Rate Cuts In June?

Mortgage Interest Rate Cuts In June?

February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.

READ MORE
High Ratio Mortgages and Mortgage Default Insurance

High Ratio Mortgages and Mortgage Default Insurance

A high ratio mortgage is where the borrower’s down payment is less than 20% of the property’s purchase price. In Canada, such mortgages require insurance because they are considered higher risk and necessitate “default insurance” coverage.

READ MORE

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