Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say – Global News Mar 2nd

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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The State of the Mortgage Market: 2020 + MORE Mar 14th

Mortgage Professionals Canada has released its latest State of the Mortgage Market report today, which is chock full of new stats and insights into the Canadian mortgage market. Despite regular headlines about rising home prices and overvaluation in the country’s largest centres, the report fi.... More »
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Should You Borrow Money to Make a Down Payment on a New Home? + MORE Mar 26th

Saving for a mortgage down payment can be a long and tedious process. According to the Canadian Real Estate Association, the average price of a Canadian home was $540,000 in February, a 15.2% increase compared to a year earlier. You would need to save $108,000 just to make a standard 20% down payme.... More »
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The Latest COVID-19 Mortgage Developments: Rates on the Rise + MORE Mar 23rd

Mortgage Rates Rising Rapidly Canada’s Real Estate Market Faces Uncertainty Call to End to Open Houses Mortgage Payment Deferral Challenges Filogix’s Expert Victim of Ransomware Attack Mortgage Rates on the Rise Banks and other mortgage lenders have been frantically raising rates since last week.... More »
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Prime Rate Falls to 2.95%, Some Banks Increase Variable Premiums + MORE Mar 20th

For the second time in two weeks Canada’s prime rate has fallen by 50-percentage points. Following the Bank of Canada’s emergency rate cut on Friday, RBC led the way in passing along the full 50 bps of rate cut on Monday, with most of the other big  banks soon following suit. That lowered the c.... More »
Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say  Global NewsCoronavirus rate cut could open Poloz’s finale at Bank of Canada  BNNBloomberg.caBoC Increasingly Likely to Deliver a Surprise Rate Cut This Week – Mortgage Rates & Mortgage Broker News in Canada  Canadian Mortgage TrendsPosthaste: Coronavirus will likely shave off 0.5% of Canadian GDP; 50bps BoC rate cut ‘not impossible’, analysts say  Financial PostBank of Canada expected to cut interest rate over coronavirus  Yahoo Canada FinanceView Full coverage on Google News

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