Tag Archives: Interest Rates

How Canada’s New Mortgage Rules May Effect You

New Mortgage Rules - Mark J. Walker, Realtor

Are you wondering how Canada’s new mortgage rules may effect you?  Canada posted year-over-year residential price gains in 2017 across most regions. Now in 2018, many housing markets could see reduced purchasing power resulting from the new OFSI mortgage rules that took effect on January 1.

What the what???

If you’re among the 37 per cent of Canadians who … Read More

Bank of Canada Continuing To Hold Overnight Rate at 1.0%

BCREA Econ Interest Rate Ancmnt

The Bank of Canada announced this morning that it is holding its target overnight rate at one per cent. This marks the longest period without a change in the Bank’s policy rate since the 1950s. In the statement accompanying its decision, the Bank noted that inflation has been stronger than expected in the past year, though mainly due to temporary … Read More