Mortgage Logic

June 2009

Don’t Handcuff Your Mortgage

Garry Marr, Financial Post Would you like to pay an extra $300 per month on your mortgage? Not likely. That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying the extra freight. A fear of rising rates […]

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Bank of Canada Announcement

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Information received since the Bank’s April Monetary Policy Report (MPR) is broadly consistent with the Bank’s

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