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Welcome to the Mortgage Professionals Insights Blog, your trusted source for demystifying what goes into the Bank of Canada’s decision-making process when it comes to deciding what to do with interest rates. In this in-depth article, we’ll delve into the latest Bank of Canada interest rate announcement and unravel its implications for homeowners, whether they…
After the Bank of Canada’s second rate announcement of 2023, the prime lending rate will remain unchanged at 6.70%. Topics covered in Today’s Blog: Our job is to help you simplify the mortgage process As your Mortgage Professional, I understand that this past year has been particularly trying for many of you, as the economic…