Seehra Mortgages

01/29/2025

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement.

TD: “A quarter-point cut at every other decision in 2025”

RBC: ‘More rate cuts are needed’ for economic rebound

CIBC: A quarter-point cut “justified” by tariff threat

BMO: BoC to cut from a “risk management perspective”

Scotiabank: A cut “the easy thing to do given it is priced”

12/11/2024

The Bank of Canada (BoC) delivered a significant interest rate cut, reducing its policy rate by 50 basis points today on December 11, 2024. This marked its fifth cut this year, bringing the rate down to 3.25%. The central bank has signaled that future cuts will proceed more cautiously as it evaluates economic growth and inflation dynamics.

11/11/2024

We are offering 5.34% for 3 year fixed (B side)

For more info call us.

10/23/2024

The Bank of Canada has announced a significant monetary policy adjustment by delivering a half-percentage point (0.50%) interest rate cut, reducing the benchmark rate to 3.75%.
This decision is part of the Bank's ongoing efforts to support economic stability amid evolving financial conditions. The rate cut is aimed at stimulating economic growth by lowering borrowing costs for consumers and businesses, encouraging increased spending and investment.

By bringing the rate down to 3.75%, the Bank of Canada seeks to balance inflationary pressures while maintaining sustainable economic activity across key sectors. Financial markets and lending institutions are expected to adjust accordingly, reflecting the impact of this policy change in the coming weeks.

10/23/2024

Please be aware.
The policy rate or key interest rate is different than the prime lending rate.
Policy rate is set by BoC and Prime lending rate is determined by the big commercial banks.

Policy rate is used to implement monetary policies.

Prime lending rate is influenced by the policy rate (prime rate usually tracks policy rate movements) and used as a benchmark for other interest rates (e.g., mortgages, credit cards)

Would you like more information or clarification?
Call us or text us to book a no obligation appointment.
Seehra Mortgages

10/23/2024

Markets and analysts widely expect the central bank to announce a half-point cut, bringing the policy rate to 3.75 per cent.

09/10/2024

We are offering 5 year fixed mortgage at 4.49%. Call us for more information.

07/24/2024

07/24/2024

Latest Bank of Canada interest rate decision expected Wednesday morning with odds on a cut

07/23/2024

Six banks have recently forecasted interest rates, with TD and CIBC predicting a target rate of 2.75% for the end of 2025. Meanwhile BMO holds a divergent view.