Mortgage Rates & Mortgage Broker News in Canada |
- The Big 5 Banks Raise Prime Rate to 2.70%
- Bank of Canada Kicks Off Rate-Hike Cycle, Raises Rates by 25 bps
- Rising Interest Rates Further Erode Housing Affordability
| 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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