Mortgage Professional - Brent Hoedel

Mortgage Professional - Brent Hoedel Buying a home, cottage, or investment property can be scary. A poor decision can cost you thousands of dollars over time.

10/26/2022

The Bank of Canada increased its benchmark interest rate by 50 basis points to 3.75 per cent on Wednesday, its sixth consecutive rate hike of the year.

06/02/2022

The Bank of Canada has hiked its key overnight interest rate by 50 basis points to 1.5 per cent and will also continue quantitative tightening. The rate hike comes as the Bank believes that inflation will likely move higher in the near term before beginning to ease.

04/13/2022

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday, a sign the bank is making good on its pledge to battle runaway inflation.

01/26/2022

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

12/08/2021

The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent.

11/23/2021

A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.

10/27/2021

The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected. The central bank said Wednesday it now forecasts that annual inflation rates will continue their upward swing through the rest....

09/08/2021

The central bank says inflation above three per cent is expected to be transitory, but calls the persistence and magnitude "uncertain".

06/09/2021

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

04/22/2021

The Bank of Canada provided a rosy revision to its economic outlook Wednesday but kept its key rate at 0.25 per cent in a sign that it won't count its chickens before they hatch.

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