Bank of Canada Interest Rate Decision – October 25th, 2017
Interest Rate Decision – No Change The Bank of Canada has made its interest rate decision – no change. Following two consecutive interest rate hikes, the overnight rate was held at 1%. Everyone was expecting a breather on interest rate increases as the...
OFSI Announces New Mortgage Qualification Rules
Current Mortgage Qualification Rules The Federal Government, via the Office of the Superintendent of Financial Institutions Canada (OFSI), has introduced it’s latest rounds of regulation to the mortgage qualification rules. Some of the terminologies can be a bit...