Inflation Dips – Pressure to Raise Prime Rate Decreases!

Canada’s annual inflation rate dipped to 1.9% in March from 2.6% in February, largely due to slower year-over-year increases in prices for food and energy, Statistics Canada said on Friday.  The Bank of Canada uses interest rates to reach its target inflation rate of 2%.  With the current inflation rate coming in at below target, […]

Is the Best Mortgage Rate Important?

From canadianmortgagetrends.com Mortgage clients constantly tell me “I need the best mortgage rate.  What rate do you offer?” While the client is always right, and we always provide the best rate and terms, we do convey the need to look at the “extras” when selecting the best mortgage.  Extras include: Low prepayment penalties Generous pre-payment […]