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Blog by Linda M Linfoot

Higher Insurance Premium as of June 1

April 27th, 2015
On June 1 higher insurance premiums kick in for those buying a home with less than 10% down. These folks will cough up another 0.45 percentage points of their home’s value to get an insured mortgage.
That’s got some wondering, why are insurers picking on people with small down payments? Why not raise default premiums on all insured borrowers?
We posed that question to CMHC and here’s the answ ...

Prime Interest Annoucement

April 16th, 2015
Good Morning Yesterday’s announcement left prime lending rate unchanged and remaining at 2.85%
Next announcement is scheduled for – May 27th

http://www.cbc.ca/news/business/bank-of-canada-leaves-rate-unchanged-at-0-75-after-economic-wobble-to-start-2015-1.3033495