Blog tagged as MortgageRates

As we step into 2025, affordabilityremains one of the most pressing issues in Canada's housing market. From escalating mortgage rates to skyrocketing home prices, the dream of homeownership is slipping further out of reach for many Canadians. Here's a closer look at the factors driving this crisis a...

On December 11, 2024, the Bank of Canada (BoC) made a significant move, reducing its target overnight rate by 50 basis points to 3.25%. The Bank Rate is now at 3.5%, while the deposit rate matches the overnight rate at 3.25%. This decision aligns with the BoC’s ongoing efforts toward balance sheet n...