Variable-Rate Mortgages Best for Buyers

Variable-Rate Mortgages Best for Buyers

Last quarter saw the highest percentage of insured borrowers switching to variable-rate mortgages since Canada Mortgage and Housing Corporation began tracking these statistics. Why the change? Home owners know it will save them money! We have watched the Bank of...
Overnight Rate Remains Unchanged

Overnight Rate Remains Unchanged

On December 5th the Bank of Canada announced that no changes will be made to their overnight rate, which presently sits at 1.75%. The reason? “The global economic expansion is moderating largely as expected,” they said, “but signs are emerging that...