Again, Mark Carney and the Bank of Canada has announced they would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent and keep economy going.  This means prime rate is staying at 2.25%.
While the Bank said economic growth in Canada resumed in the third [...]

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Low rates still around but for how long?  Five year fixed at 3.79% still lingering for quick close deals in next 30 days though 1/2 dozen lenders have raised rates above 4% on the popular five year fixed product.  3.89% can be held for 120 days.  Variable/adjustable rate mortgage still availalbe at 2% or prime [...]

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Good chance fixed rates could be climbing.  Current low is 3.79% with 30 day rate hold or 3.99% for 120 days.  Note some lenders already up in mid 4% range.  Variable still in 2% or 2+% range depending on lender.  Job numbers being released today will influence the bond yields and in turn likley affect fixed rates.  [...]

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