Found 3 blog entries tagged as mortgage rates.

BCREA

Bank of Canada Interest Rate Announcement

July 12, 2023

The Bank of Canada raised its overnight rate by 25 basis points to 5 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy has been stronger than expected but is expected slow as higher interest rate work their way through the economy.  On inflation, the Bank cited the recent easing of inflation to 3.4 per cent but also noted that core inflation continues to run a at 3 to 4 per cent pace and has been more persistent than anticipated.  The Bank now forecasts a return to its 2 per cent target in mid-2025 rather than in 2024. 

While inflation has come down significantly in the past year, the economy seems somewhat impervious to the Bank's…

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Karen Garrett
Professional Mortgage Broker
DLC Sea to Sky Mortgages Inc
Phone: 604.905.6359
Cell: 604.938.3638
Email: karen@seatoskymortgages.com
http://www.karengarrett.ca
Terms Posted
Rates
Payment
  Per $100k
Our Rates Payment
  Per $100k
Savings
6 Months 3.34% $490.86 3.30% $488.77 $2.09
1 Year 3.44% $496.11 3.19% $483.05 $13.06
2 Years 3.54% $501.38 2.99% $472.73 $28.65
3 Years 3.89% $520.07 2.89% $467.62 $52.45
4 Years 3.94% $522.77 2.84% $465.07 $57.70
5 Years 4.99% $581.04 2.49% $447.47

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Karen Garrett
Professional Mortgage Broker
DLC Sea to Sky Mortgages Inc
Phone: 604.905.6359
Cell: 604.938.3638
Email: karen@seatoskymortgages.com
http://www.karengarrett.ca

Terms Posted
Rates
Payment
  Per $100k
Our Rates Payment
  Per $100k
Savings
6 Months 3.34% $490.86 3.30% $488.77 $2.09
1 Year 3.59% $504.03 3.19% $483.05 $20.98
2 Years 3.74% $512.02 2.89% $467.62 $44.40
3 Years 3.89% $520.07 2.84% $465.07 $55.00
4 Years 3.94% $522.77 2.89% $467.62 $55.15
5 Years 4.99% $581.04 2.39%

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