Bank of Canada has raised the prime rate again his month but fortunately the discounts lenders are offering on Adjustable and Variable Rate products has increased which has negated the rise for those entering the housing market.   And fixed rates continue to fall and hover near historical lows.  Three year fixed rate as low as 2.9%.  Five [...]

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Mark Carney and Bank of Canada raised key lending rate another 1/4 point this week raising consumer Bank Prime to 3%.  This will make variable and adjustable rate mortgages more expensive.   That is the bad news.  Good news is that discounts below prime on variable and adjustable rate mortgages are improving.   Now possible to obtain [...]

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