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The Bank of Canada has cut its overnight rate by 50 basis points to 3.75% today, October 23. Inflation is back near target, while the economy still has room to grow. For your purchase or renewal, I would check the lender quote and payment that actually apply to …
The Bank of Canada has cut its overnight rate by another 25 basis points to 4.25% today, September 4. Inflation has eased, yet a lower policy rate does not automatically make a particular home affordable or tell us what it will sell for in Greater Sudbury.
The Bank of Canada has cut its overnight rate another 25 basis points to 4.50% today, July 24. This second cut reflects easing price pressure and a softer economy. For a buyer or renewing owner, the question is still the payment and terms a lender will offer, not …
The Bank of Canada has cut its overnight rate by 25 basis points to 4.75% today, June 5. That is the first move down after the recent holds, but it is not a 25-point discount on every mortgage. I would check what your own lender has actually changed …
The Bank of Canada has held its overnight rate at 5.00% today, April 10. Inflation is moving in a better direction, but the Bank wants that progress to last. For a Greater Sudbury move, I would treat the current borrowing terms as real and a future cut as …
The Bank of Canada has held its overnight rate at 5.00% today, March 6. January inflation has eased to 2.9%, but shelter costs and core inflation remain stubborn. If you are waiting for a lower mortgage quote, this decision alone does not deliver one.
The Bank of Canada has held its overnight rate at 5.00% today, January 24. The economy has slowed, but the Bank still wants to see inflation ease more consistently before it changes course. If you are buying or renewing, I would work from the mortgage terms available now, …
The Bank of Canada has held its overnight rate at 5.00% today, December 6. The economy is slowing, but the Bank is not declaring inflation beaten or setting a date for a cut. For a household making a move, the useful number is still the payment available now.
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The Bank of Canada has held its overnight rate at 5.00% today, October 25. Its new outlook shows the earlier increases are slowing spending, but inflation is not yet coming down steadily enough to promise relief on borrowing costs.
The Bank of Canada has held its overnight rate at 5.00% today, September 6. After two increases in June and July, the pause gives households a chance to check how the higher rate is affecting their own numbers; it is not a rate cut.