• Beware the variable rate!

By Paul Meredith, CityCan Financial (Mortgage Agent #M08005764) The Bank of Canada announced this morning that it will maintain its key policy rate at 0.25 (the rate the determines prime rate), therefore, the prime rate remains unchanged at 2.25%, as expected. They also reiterated their commitment to maintain this rate through to the end of June, 2010 after some previous talk that they may look at raising the rate earlier. When they do start raising the prime rate at start of the third quarter 2010, they are anticipating a 1.75% hike by the end of 2010 which would set the prime rate at 4.00%, and that is just the beginning as we can expect to see further rate increases throughout 2011.

• Bank of Canada interest rate announcement

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

• Mortgage rates falling again

By Paul Meredith, CityCan Financial (mortgage agent M08005764) After the significant jump in fixed mortgage rates in mid-October, it was appearing as though the sub-four percent 5 year fixed mortgage rate had become history. Well, here we are 6 weeks later and they are back and further decreases are expected.

• Heavily discounted mortgage rates still available

With most major lenders pumping their 5 year fixed mortgage rates up by as much as 35 basis points last week, there are still many rate deals available at significantly lower mortgage rates.

• Bank of Canada interest rate announcement

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

• Bank of Canada interest rate announcement

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

• The recession is over. Cue the painful recovery

Kevin Carmichael Ottawa — From Friday's Globe and Mail Last updated on Friday, Jul. 24, 2009 12:35AM EDT

• Where are fixed mortgage rates in Canada headed?

Canadian fixed mortgage rate predictions. There is currently a tremendous opportunity to purchase real estate in Canada, and why now is the optimum time.

• Release from Bank of Canada :

Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010

• Fixed or variable rate?

Do variable rate mortgages make sense in today's market?