1 Mar 2017

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Bank of Canada’s Hands Remain Tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate. Here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate, which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday March 1st, 2017 the Bank of Canada again did what we expected them to do … stay the course.   What this means to you is that once again the prime rate on your mortgage, line of credit or student loan will not change and remains at 2.70%.  This is fabulous news, but are you still making the most of the low…

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8 Nov 2016

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Why TD May Be The Only Bank To Increase...

Why TD may be the only one of the Big Six to increase their Mortgage Prime Rate By…

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1 Nov 2016

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TD Increases Their Mortgage Prime...

Hot Off The Press!! We just had a lender, TD Bank, make an interesting move this morning and…

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4 Sep 2013

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Bank of Canada Rate Decision

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based…

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22 Jan 2014

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Bank of Canada hands tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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23 Jan 2013

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BOC Remains on the Sidelines

At 10:00 am EST, Wednesday January 23rd, 2013, the Bank of Canada again did what we expected them…

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13 Jan 2013

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US Debt ceiling explained in easy to...

I came across this great analogy on Facebook posted by one of my friends and had to share…

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21 Oct 2015

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Bank of Canada…no surprise here

As you know, your adjustable rate mortgage, line of credit and/or student loans are all based on the…

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15 Jul 2015

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Bank of Canada Slashes Its Rate Yet...

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based…

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21 Jan 2015

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BOC Does The Unexpected

Bank of Canada Does The Unexpected…Cuts A Quarter Point Off Their Overnight Rate! As you know, your variable…

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