Rod Kowalchuk - RedPath Financial - The Mortgage Centre

09/16/2024

Some positive news for Home Buyers!!

https://www.canadianmortgagetrends.com/2024/09/breaking-federal-government-raises-cmhc-insured-mortgage-cap-to-1-5-million/

07/24/2024

https://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

06/05/2024

Bank of Canada reduces policy rate by 25 basis points (see the attached)

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

03/06/2024

Bank of Canada maintains policy rate, continues quantitative tightening (see the attached)

As always, feel free to reach out to discuss your financing needs.

Rod

https://1l.ink/RPKMVL2

02/02/2024

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem (see the attached article)

https://1l.ink/3JTRSB3

BOC testifies to the House of Commons Standing Committee on Finance.

Please feel free to call me to discuss how this will impact you.

Rod

01/24/2024

Bank of Canada maintains policy rate, continues quantitative tightening (see the attached BOC press release)

https://1l.ink/WFFWHCS

As always, feel free to reach out to discuss your mortgage needs.

Have a great day,

Rod

09/08/2023

The Bank of Canada hold rates but leaves the door open for further rate hikes.

What the Bank of Canada's rate hold means for mortgage owners (see the attached)

https://1l.ink/GS64KN5

07/18/2023

Canada's inflation rate tumbles to 2.8% in June (see the attached)

https://1l.ink/JNQB6CL

07/12/2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening (see the attached)

https://1l.ink/MMJ4J37

As widely expected, the Bank of Canada raised rates again in it's bid to bring inflation under control.

The next meeting is September 6, 2023.

06/07/2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening (see the attached)

https://1l.ink/48BLP74