Bank of Canada Increased Prime Lending Rate

Bank of Canada Increased Prime Lending Rate

As expected, the Bank of Canada increased the prime lending (overnight rate) to 1.75%, a 0.25% increase in prime. Chartered banks are likely to start increasing the prime lending rate today to 3.95% from current 3.70% and thus an increase in borrowing on...
Fixed Versus Variable Rates

Fixed Versus Variable Rates

Fixed and Variable rates are always a challenging decision for anyone make.  I always advocate selecting a rate or term that suits your individual strategy for the subject property.  Things to consider, when (if ever) might I sell?  Would I purchase...