Mortgages by Carolann Young

Carolann Young || September 07, 2023

Good news for variable-rate borrowers as Bank of Canada leaves rates on hold

Variable-rate mortgage borrowers who have seen their rates skyrocket over the past year and a half received a reprieve today as the Bank of Canada announced a rate hold. That leaves the bank's...

Carolann Young || July 24, 2023

Canadians are boosting savings amid economic concerns

Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third...

Carolann Young || July 16, 2023

The Bank of Canada hikes rates by 25 bps

The Bank of Canada raised its key lending rate this morning by 25 basis points, bringing it to a 22-year high of 5.00%.This is the Bank’s 10th rate increase since it began this rate-hike cycle in...

Carolann Young || June 22, 2023

Economic brief: OSFI increases capital buffer requirement for Canadian banks

Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...