Assured Mortgage Services

12/11/2024

Bank of Canada cuts rate again by 50bps.

10/23/2024

The BoC has lowered the overnight right by 50bps. This will help those with variable rates and HELOC's. Whether or not the fixed will drop will be based on how the Bond Market reacts to the news.

Next announcement from the BoC will be on December 11th 2024.

07/24/2024

July 24th 2024 - The Bank of Canada has reduced the overnight rate by another 25bps. This will have an impact on your variable rates & Home Equity Lines of Credit (HELOC).

Fixed rates have also been dropping over the last week.

Call/email today to get more info on what we can do for your next mortgage.

04/05/2024

We could see our first rate cut in June according to a recent poll by Reuters.

The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a Reuters poll said, although they also said the risk was the first cut would be later than that, rather than a surprise earlier move. Rebounding economic activity, and inflation still above the 2% target d...

03/05/2024

Bank of Canada is more than likely going to hold tomorrow's overnight rate. We will have to wait a little longer until that first rate cut comes, possibly April or June according to some economic forecasting.

5yr fixed transfer/switch 4.79% - call/email for more details.
Other terms available as well.

Get Pre-Approved today and be ready for the spring market.

01/24/2024

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

01/24/2024

The Bank of Canada maintains the overnight policy rate. No rate increase or decrease at this time. They will continue to monitor the inflation rate.

The next announcement will be on March 6th 2024.
Here is the full press release from the BoC....

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

07/12/2023

The Bank of Canada has increased rates once again by 25bps. The next announcement will be September 6th. The full announcement can be found here... https://www.bankofcanada.ca/2023/07/fad-press-release-2023-07-12/

06/22/2023

The next announcement from the Bank of Canada is on July 12th. The current speculation is that we are going to get another 25 bps increase or it could possibly be pushed to September 6th announcement date.

Regardless, rates are on the rise.
If your coming up for renewal, let's chat about locking in a rate 120 days prior.
No cost, no obligation, just a simple hold to protect against further increases.

www.easymortgage.ca

06/07/2023

Bank of Canada has increased rates once again. Another 25 bps increase will bring the overnight rate to 4.75% and increase prime to 6.95%.
The bond market has also moved up in the last few weeks, increasing fixed rates by an average of 35bps.

04/12/2023

Bank of Canada holds off on rate increase again. Strong economic growth and decreasing inflation are helping to maintain current rates.
As always the BoC will continue to monitor.
Signs are pointing to a possible rate decrease late 2023, early 2024.

03/08/2023

Bank of Canada holds off on raising rates. They will continue to monitor and reasses if needed. Full article can be found here... https://www.bankofcanada.ca/2023/03/fad-press-release-2023-03-08/