Sept. 4, 2019 -- Bank of Canada Rate Announcement

The Bank of Canada has maintained the overnight rate at 1.75%, so there will be no increase to the Prime rate, and variable rate mortgage borrowers will see no change in their rates.

The Savings Target Rate - August 26, 2019

 If you have a fixed rate mortgage with a rate higher than this rate, you could be in a position to save money. for more details please see my video:  


https://www.youtube.com/watch?v=t-6aI... 

Keep Informed

Every week we set the new Savings Target Rate based on current switch and refinance rates available with Canadian lenders.  Please click below to go to our YouTube Channel, subscribe, and turn on notifications to keep aware of the Savings Target Rate.  It may save you money!

The Prime Lending Rate is currently 3.95%

Historical & Scheduled Bank of Canada Rate Decisions

2019


January 9, 2019 -- no change


March 6, 2019 -- no change


April 24, 2019 -- no change


May 29, 2019 -- no change


July 10, 2019 -- no change


September 4, 2019 -- no change


October 30, 2019 -- TBD


December 4, 2019 -- TBD



2018


December 5, 2018  --  no change


October 24, 2018  --  increase of 0.25%


September 5, 2018  --  no change


July 11, 2018  --   increase of 0.25%


May 3, 2018  --  no change


April 18, 2018  --  no change


March 7, 2018  --  no change


January 17, 2018  --  increase of 0.25%