Mortgage Rates News

Bank of Canada’s 0.5% Rate Cut: A Golden Opportunity for First-Time Homebuyers

Discover how the latest 0.5% Bank of Canada rate cut helps first-time homebuyers with lower mortgage rates, increased affordability, and boosted buyer confidence

Ahead of Bank of Canada Rate Announcement: Should You Lock In or Stay Flexible? Choosing Between Long and Short-Term Mortgages in a Falling Rate Environment

As interest rates drop, Canadian homeowners face a crucial decision: secure a stable fixed-rate mortgage or take a risk with a variable-rate mortgage. Discover which option best suits your financial situation.

Bank of Canada Drops Target Rate and Canadian Mortgage Holders Ask: Now What?

The BoC dropped the overnight rate by 25 basis points — prime rates are expected to follow. Canadians looking to get or renew a mortgage ask: Is it better to lock-in with a fixed-rate or ride the descent with a variable rate?