Bank of Canada Will Stop Buying Canada Mortgage BondsBy Scott WestlakeOctober 27, 20200 comments#bankofcanada #boc #canadamortgagebonds #twt #scottwestlake #drsherrycooper This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate ...Read more...
Qualifying Mortgage Rate Falls For First Time Since B-20 IntoBy Scott WestlakeJuly 21, 20190 comments#qualifyingrate #bankofcanada #mortgagerate #oakvillemortgagebroker #oakvillemortgagebrokerage #bestmortgagebroekr #gtamortgage #twt #thewestlaketeam QUALIFYING MORTGAGE RATE FALLS FOR FIRST TIME SINCE B-20 INTRO The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it a bit easier to get a mortgage. This is particularly important for first-time homeowners ...Read more...
Bank of Canada Maintains Overnight RateBy Scott WestlakeMay 30, 20190 comments#boc #bankofcanada #oakvillemortgagebroker #gtamortgage Bank of Canada Maintains Overnight Rate at 1-3/4% In a terse statement, the Bank of Canada maintained ...Read more...