This is especially true in today’s environment, even though the Bank of Canada is starting to soften its high key overnight lending rate. High rates ... mortgage market and steps to save on ...

With a regular fixed-rate closed mortgage, the prepayment charge will be the higher of three months’ interest or the interest ... rate is 4.59%. Rates as of January 15, 2025.

Canada’s mortgage market is changing all the time. Bookmark this page to find the top national insured and uninsured mortgage rates, updated daily, based on data from MortgageLogic.news. Postmedia and ...

Long-term GICs Long-term GICs have terms of one year or more, and they typically have higher interest rates than ... year GICs across Canada, except in the province of Quebec.

BMO’s prime rate was lowered to 5.25% on January 30, 2025, following the Bank of Canada ... go toward interest; when it falls, more will go toward the principal. Variable mortgage rates have ...

Most analysts expect mortgage rates to remain relatively flat for the rest of the year. However, another interest rate cut or economic shifts could change that equation. The current mortgage rates ...

One of the first things you may want to consider when choosing a mortgage loan or refinancing is your preferred loan term. Shorter terms (15-year loans) generally offer better interest rates than ...

Mortgage Delinquencies Rising in Ontario Amidst Rising Consumer Debt -Equifax Canada Market Pulse Quarterly Consumer Credit Trends ...

Total consumer debt in Canada reached $2.56tn by the end of 2024, a 4.6 percent increase from 2023, driven largely by ...

Equifax Canada’s credit report for the fourth quarter of 2024 found that Ontario’s mortgage delinquency rate – which measures ...