Blog Layout
Bank of Canada maintains key interest rate at 0.25%.
Matthew Robinson • Dec 09, 2020
Bank of Canada Confirms Commitment To Low-Interest Rates
The Bank of Canada today kept its target for the overnight rate at 0.25%. After dropping its overnight rate three times in March, the Bank has held the line on rates since then, including today, but continues its massive quantitative easing program to support market liquidity.
Anyone who requires a mortgage should be pleased with this announcement because the Bank continues to be committed to low rates for the foreseeable future. Both fixed and variable rates will remain at their current historic lows until the economic recovery is well under way.
Let’s get moving
Why wait? Let’s get you started on the path to finding the perfect mortgage. Your perfect mortgage is just a few clicks away.
Our latest articles
A 2nd mortgage can be a great option for accessing equity
Under this program, prospective first-time home buyers will have the ability to save $40,000 on a tax-free basis.
There are three main ways to pay your property taxes.
