Thursday, March 3, 2022

Mortgage Rates & Mortgage Broker News in Canada

Mortgage Rates & Mortgage Broker News in Canada


The Big 5 Banks Raise Prime Rate to 2.70%

Posted: 02 Mar 2022 07:19 PM PST

Canada's prime rate will be rising to 2.70% as of Thursday, after the Big 5 banks confirmed they will be hiking their respective prime rates by 25 basis points.

Bank of Canada Kicks Off Rate-Hike Cycle, Raises Rates by 25 bps

Posted: 02 Mar 2022 08:00 AM PST

Two years after drastically cutting Canadian interest rates at the start of the pandemic, the Bank of Canada has kicked off a new rate-hike cycle.

Rising Interest Rates Further Erode Housing Affordability

Posted: 01 Mar 2022 10:02 PM PST

Housing affordability has deteriorated in the country's largest urban markets for the fourth consecutive quarter.

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Mortgage – HousingWire

Mortgage – HousingWi...