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No change at Bank of Canada

19JAN
0 Comments
No change at Bank of Canada

In a surprise to no one, the Bank of Canada left their overnight rate unchanged today in their latest rate announcement. Overall, the tone of the news release is pretty much the same as the last few. For some, this may be boring and uneventful but sometimes that is a good thing like now. This
- Posted by Wayne Mah
- Bank of Canada
- First-Time Buyers
- Market Update
- Mortgage Rates
- Refinance or Renewals
- Rental or Investment Properties
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14JAN
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86% of Canadians take fixed rate mortgages

The Canadian Association of Accredited Mortgage Professionals (CAAMP ) released the results of an extensive survey conducted by them that found 86% of Canadians are taking a fixed rate mortgage when buying a home. In fact, a whopping 70% were taking a fixed rate term greater than 5 years!!! This is contrary to extensive reports
- Posted by Wayne Mah
- Bank of Canada
- Educational
- First-Time Buyers
- Market Update
- Mortgage Rates
- Opinion
- Refinance or Renewals
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08DEC
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RBC leads again with new rate drops

RBC leads the way again today by announcing lower posted rates on their one, four and five year fixed rate terms. We can expect the other major lenders to follow suit over the next couple of days. Press release and full details here.
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