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Bank of Canada says real estate is 'expected to moderate but remain elevated'

Thursday Jun 10th, 2021

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The Bank of Canada is leaving its key interest rate unchanged at 0.25 per cent. "The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate," said the Bank of Canada in a release. "This is reinforced and supplemented by the Bank's quantitative easing (QE) program, which continues at a target pace of $3 billion per week." Canada's central bank on April 21 began tapering its QE program, which was introduced to help... [read more]

What You Need to Know Before Applying for a Mortgage by Vanda Di Michele

Thursday Oct 15th, 2020

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With the ongoing pandemic, many Canadians are wondering if it is a good time to apply for a mortgage or refinance their homes. These unprecedented times have caused the Bank of Canada to lower interest rates, and to keep it at a low until 2022. With rates as low as 0.25%, now is a great time to apply for a mortgage or refinance your home. For first-time homeowners, there are many things to know, and learn, about the current market, and how to apply for a mortgage. Getting a mortgage can seem... [read more]

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