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 ...

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 ...

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.

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.

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 ...

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 ...

Generally, savings accounts offer very low interest rates ... Canada Deposit Insurance Corporation (CDIC; see details below). There isn’t a monthly fee. However, if you’re a resident of Quebec ...

Both registered and non-registered GICs are non-redeemable. For non-registered GICs, choose to receive the interest annually in your savings account or reinvest in your GIC account. For registered ...

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 ...

Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023, says Equifax.